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Dec 15, 2010

Perspectives of the global solar industry by 2015

2010 is likely to go down as one of the PV industry’s finest year. After growing "just" 25% to 7.1 GW in 2009, 2010 should witness 14 GW of installations (possibly as high as 16 GW, depending on how good greed gets in Germany) - a year-on-year increase of 93% to 125%.

This has meant rosy days for most suppliers for the better part of the year; almost all bankable module producers have been sold out for 2010 as early as the first quarter. Consequently, wafer, cell, and module prices, which had been in free-fall for much of 2009, have stabilized across the value chain, and actually experienced a slight increase mid-way through 2010.

In cooperation with GTM Research Solar Server's Solar Report in December 2010 sketches the highlights of this year's PV development and the global perspectives of PV industry.

Global solar photovoltaic (PV) panel production will eclipse approximately 15 gigawatts (GW) this year according to GTM Research’s latest report "PV Technology, Production & Cost Outlook: 2010-2015". While subsidy cuts in key markets will lead to slower growth in 2011 and beyond, panel production will still exceed 25 GW by 2013, GTM Research reports.

At the same time, increasing competition between suppliers due to GTM Research will lead to panel prices of less than $1/watt by 2012 for select technologies.

"The supply chain has been bombarded with opportunities from scaling demand, and the industry has responded to this competitive dynamic with new, low-cost technologies and more sophisticated business models", the market research company emphasizes.

Global PV industry becomes more complex and dynamic than ever before:




Delivery and installation of solar power plants

Lahore / Punjab / Pakistan
Eduard Wagner (General Manager of the IRES Middle East) and Chief Minister Muhammad Shabaz Sharif signed an agreement on the planning, delivery and installation of solar power plants up to the capacity of almost 400 MW by the end of 2014.
IRES Solar - Worldwide Partners