September 21, 2010
Solar energy market research firm Solarbuzz reported today a 54% quarter-on-quarter rise in the global photovoltaic (PV) demand to 3.82 GW in the second quarter of 2010, due to tariff drops in Germany, solid incentive programmes in Europe and recovering financing environment.
The result was 2% below the sector's previous quarterly record of 3.92 GW in the closing quarter of 2009. According to Solarbuzz, the global PV market is well on the way to reaching more than 15 GW of installed capacity for the full 2010.
Industry revenue for the quarter amounted to some USD 17.2 billion, up from USD 12 billion in the previous quarter, and USD 6.2 billion a year earlier.
The German market brought 60% of global capacity, or 2.3 GW, while PV demand surged by 127% on the quarter in Italy, reaching 11% of the figure in Germany. The US and France were also among the countries with bigger contribution in the sector.
First Solar Inc (NASDAQ:FSLR), Suntech Power Holdings Co Ltd (NYSE:STP), JA Solar Holdings Co Ltd (FRA:YI2), Yingli Green Energy Holding Co Ltd (NYSE:YGE) and Trina Solar Ltd (NYSE:TSL) were the top five cell makers in terms of shipments.
Concerning the future, Solarbuzz sees market demand falling under 50% of solar panel production, driven by reductions in feed in tariff incentives on leading European markets.
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