Always on the bright side of...?PV Business Perspectives 2013-2017

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The year 2012 was another historic one for solar photovoltaic (PV) technology, which has experienced remarkable growth over the past decade and is on the way to becoming a mature and mainstream source of electricity. The world’s cumulative PV capacity surpassed the impressive 100-gigawatt (GW) installed electrical power mark, achieving just over 102 GW. This capacity is capable of producing as much annual electrical energy as 16 coal power plants or nuclear reactors of 1 GW each. Each year these PV installations save more than 53 million tons of CO2.

Remarkably, even during a time of economic crisis, an estimated 31 GW of new PV capacity was commissioned around the world in 2012 – roughly the same as in the record-setting year of 2011. But even if the headline numbers remain stable, the story behind them is changing dramatically. The results of 2012 signal a turning point in the global PV market that will have profound implications in the coming
years. 

For the first time in more than a decade, the European market for PV  declined compared to the previous year. More vigorous growth in markets outside of Europe helped keep the global development of PV on an upward trajectory. Other factors – the approaching competitiveness of PV compared to other electricity sources, the changing nature of electricity markets, trade conflicts and the turmoil facing the PV industry due to consolidation – are also already affecting the market outlook for the near future. Read the full report...& supporting information.