New research forecasts shrinking, and then flat solar revenues through to 2016, despite the fact installations are expected to grow 15.5 percent as new markets open up. Countries with attractive IRRs are also identified. In a paper released, Lux Research has stated that while global installed photovoltaic capacity will grow from the 15.8 gigawatts (GW) added in 2010 to 37.5 GW in 2016, industry revenue will actually shrink in 2012, from 64.4 billion (€45.5 billion) in 2010 to $56.9 billion (€40.1 billion) in 2012. Overall, the company says that demand will stay flat until 2016, at which time the market is expected to recover to $65.4 billion (€46.2 billion). The reason cited for this negative preformance is price declines, which are expected to "outpace" volume increases. Furthermore, the Boston-based company said that due to the increased demand from the German market over the past few years, the impact of subsidies and other unfavorable market elements have largely been staved off. Read Full : Shrinking solar revenues forecast, despite new markets and growing installed capacity: pv-magazine
Sunday, 14 August 2011
Shrinking solar revenues forecast, despite new markets and growing installed capacity
New research forecasts shrinking, and then flat solar revenues through to 2016, despite the fact installations are expected to grow 15.5 percent as new markets open up. Countries with attractive IRRs are also identified. In a paper released, Lux Research has stated that while global installed photovoltaic capacity will grow from the 15.8 gigawatts (GW) added in 2010 to 37.5 GW in 2016, industry revenue will actually shrink in 2012, from 64.4 billion (€45.5 billion) in 2010 to $56.9 billion (€40.1 billion) in 2012. Overall, the company says that demand will stay flat until 2016, at which time the market is expected to recover to $65.4 billion (€46.2 billion). The reason cited for this negative preformance is price declines, which are expected to "outpace" volume increases. Furthermore, the Boston-based company said that due to the increased demand from the German market over the past few years, the impact of subsidies and other unfavorable market elements have largely been staved off. Read Full : Shrinking solar revenues forecast, despite new markets and growing installed capacity: pv-magazine