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unexpected pv market growth in germany sets stage for new ma

Germany is the largest solar PV market in the world. It accounts for 60.4% of the European PV market.

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unexpected pv market growth in germany sets stage for new ma

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  1. Unexpected PV Market Growth in Germany Sets Stage for New Market Developments in 2010

  2. Germany is the largest solar PV market in the world. It accounts for 60.4% of the European PV market. The growth of the PV industry in Germany is a result of government support in the form of various programs aimed at meeting increased energy needs through renewable sources. The country currently has a target of meeting 30% of its energy needs from renewable sources by 2020. This policy support, coupled with advancements in PV technology, has helped Germany emerge as the biggest solar PV market in the world. The annual PV installation forecasts predict that Germany will have a significant growth potential and will remain the most important PV market. In 2009, Germany installed the maximum PV systems globally, totaling 3,000 MW. It is forecast to maintain the largest portion of the global annual PV installation pie in the short-term, with its annual installed capacity in 2013 expected to be 5.651 MW. The German solar PV market has grown at a remarkable rate over the past few years. The cumulative solar PV installed capacity has increased from 194.70 MW in 2001 to 9,140 MW in 2009, at a CAGR of 61.8%. This dramatic growth observed by the German market is fundamentally due to the substantial investment and government subsidies received in recent years. This analysis was taken from a research paper published by GlobalData, to download the full Research Paper for free, click below: http://www.researchviews.com/energy/power/biopower/Viewpoints.aspx?sector=Biopower&DocID=10581 Access the latest Biopower analysis for free at http://www.researchviews.com

  3. About ResearchViews.com ResearchViews is your number one portal for industry related news, research, analysis and deals data. ResearchViews offers up to the minute content produced by an expert team of industry analysts. All content on the site is free to view and allows users to keep up to date with the latest developments in their chosen industry. Free daily and weekly newsletters provide a snapshot of the major issues affecting the industry. The site also features a research store, providing the user with access to premium business intelligence from some of the world's leading market research publishers. Contact Information: Rajesh Gunnam rgunnam@globaldata.com +914066166782

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