New Asian PV markets set to open

Rapid urbanization in places like Jakarta, pictured, will drive PV growth across emerging Asian economies in the years ahead.

Rapid urbanization in places like Jakarta, pictured, will drive PV growth across emerging Asian economies in the years ahead.

The beleaguered global PV industry is set for a significant demand boost over the next few years from emerging economies across Asia-Pacific and central Asia, a disparate group that will soak up more than 3GW a year by 2017, NPD Solarbuzz predicts.

By comparison, the region – which includes developing economies from Indonesia to Kazakhstan, though not China and India – notched up demand of 723MW last year.

In addition to the overall expansion of new markets across the region, the type of installations is also changing dramatically, notes Solarbuzz analyst Steven Han.

In the past, the PV market in countries like Thailand, the Philippines and Bangladesh, was dominated by solar-lighting and residential schemes. But future demand will be based on the "widespread adoption of large-scale, ground-mounted PV installations,” says Han, with the segment set Log in to read complete article.

Become a Recharge subscriber!

Or try our free trial.

Order Subscription

Already a member?

Login


Recharge Monthly Magazine