Asia to spur PV to 35GW – IHS

Asia’s blazing appetite for solar energy this year will more than offset flagging demand in Europe, dragging the industry towards supply-demand equilibrium more quickly than many earlier forecasts, according to market researcher IHS.

The world will add 35GW of PV this year, predicts IHS, representing 12% growth on the 31.4GW put up in 2012, itself higher than many previous estimates.

Critically, Asia will be the largest PV market globally in 2013 – the first time it has sat atop the league table in a decade, with China and India both growing strongly, and Japan once again emerging as one of the world’s key markets. 

“Demand outside of Europe will more than compensate for the fall in the continent,” says senior IHS solar research Log in to read complete article.

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