Global solar photovoltaic (PV) demand could reach 20.4 GW in 2011, according to Solarbuzz.
In the third quarter (Q3) of 2010, solar PV demand was up 107% from the same period last year, reaching 4 GW. Total industry revenues for the quarter were US$17.9 billion, up 74% on the same quarter last year.
According to the Solarbuzz Quarterly report, 10.6 GW of solar PV were installed in the first 9 months of 2010, charting a course for a record year.
As a result, Solarbuzz has increased its 2010 forecast to 16.3 GW for 2010, an outcome that would represent 117% growth on 2009.
Solarbuzz also says that Chinese solar PV manufacturers accounted for 51% of global shipments in Q3’10, up from 47% in the same quarter one year earlier. Chinese and Taiwanese manufacturers took 8 out of the top 12 solar cell manufacturer positions.
China-based JA Solar captured the lead in solar cell shipments with an 8% market share in Q3’10, with Suntech Power and First Solar taking second and third positions, respectively.
Renewable Energy Focus - Global solar PV demand reaches 20.4 GW in 2011
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