China takes a third of modules

China consumed a third of the world’s solar panel shipments in the last three months of 2012 as it powers up to become the biggest global market this year.

Global PV demand increased to 8.3GW during the fourth quarter of 2012, in a typical year-end surge. About a third of this – or 2.7GW – went to Chinese solar projects, up from less than 10% of fourth quarter demand two years ago, shows data from consultancy NPD Solarbuzz.

Solarbuzz China analyst Ray Lian expects China to have installed around 4.5GW in 2012, with Yingli, Jinko and JA Solar likely the top three suppliers to their home market.

China could install about 7GW of new solar capacity in 2013, says Lian.

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