South Africa PV is top draw – IHS

South Africa’s emerging solar market – with its target of 8.4GW of PV capacity by 2030 – has made the country the most attractive globally to solar investors, developers and manufacturers, says a new study.

South African solar scored 66 out of 100 in the IHS Emerging PV Markets Attractiveness Index for the fourth quarter of 2013.

The index ranks the attractiveness of PV markets in emerging countries in four key areas: macroeconomic climate, potential market size, project profitability and pipeline maturity – deeming incentive schemes as one of the most important factor for near-term attractiveness.

“South Africa has consolidated its position as a growth market for PV by cultivating a policy environment stable enough to attract financing from commercial banks,” said Josefin Berg, senior PV analyst at Log in to read complete article.

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