Global solar PV power has achieved great success from 2007. According to annual growth of last 4 years, it's estimated that, in 2011 19.3 gigawatts (GW) is possible.
From the '2007 WORLD PV INDUSTRY REPORT', world solar photovoltaic (PV) market installations reached a record high of 2,826 megawatts (MW), representing growth of 62% over 2006.
In 2008, a new record high of 5.95 gigawatts (GW), representing growth of 110% over the previous year.
7.3 gigawatt (GW) in 2009, representing growth of 20% over 2008. The reason for 2009 slowdown growth is attributed to Financial Crisis, even though solar PV is the world’s fastest growing energy source.
By November 2010, a forecast from iSuppli pointed out, 15.8GW of Solar PV in 2010, 19.3GW in 2011.
No matter how much GW is reachable in the upcoming 2011, the solar power PV industry brings more high tech skills and innovation. 41.1% for the conversion of sunlight into electricity has been realized, researchers at the Fraunhofer Institute reported. Multi-junction solar cells have replaced triple-junction compound solar cells.
It's hardly to uncover the fact that, Germany is not only one of the leading countries in solar power research, but also the world largest solar power market. In 2009, European countries accounted for 5.60 GW, roughly 77% of world demand. The top three countries in Europe were Germany, Italy and Czech Republic.
USA has a strong growing stats, which grew 36% to 485 MW in 2009 photovoltaic market. An exciting news is, the U.S. Department of Energy had announced that it will give around USD 1.4 billion to BrightSource Energy in order to help stimulate the production and use of green energy. It might be culminated in the 1 GW grid-tied U.S. PV market that optimists are predicting for 2010.
Even though China has been the largest solar panel and accessories supplier for years, it continues to be slow in solar maket. In 2009, 160MW has been achieved.
From the '2007 WORLD PV INDUSTRY REPORT', world solar photovoltaic (PV) market installations reached a record high of 2,826 megawatts (MW), representing growth of 62% over 2006.
In 2008, a new record high of 5.95 gigawatts (GW), representing growth of 110% over the previous year.
7.3 gigawatt (GW) in 2009, representing growth of 20% over 2008. The reason for 2009 slowdown growth is attributed to Financial Crisis, even though solar PV is the world’s fastest growing energy source.
The rapid growth observed by the global Solar PV market has been affected by the financial crisis. The impact of the financial crisis will be witnessed in the year 2009 with the dip in the annual solar PV installations in most of the countries engaged in the Solar PV electricity generation.
By November 2010, a forecast from iSuppli pointed out, 15.8GW of Solar PV in 2010, 19.3GW in 2011.
No matter how much GW is reachable in the upcoming 2011, the solar power PV industry brings more high tech skills and innovation. 41.1% for the conversion of sunlight into electricity has been realized, researchers at the Fraunhofer Institute reported. Multi-junction solar cells have replaced triple-junction compound solar cells.
It's hardly to uncover the fact that, Germany is not only one of the leading countries in solar power research, but also the world largest solar power market. In 2009, European countries accounted for 5.60 GW, roughly 77% of world demand. The top three countries in Europe were Germany, Italy and Czech Republic.
USA has a strong growing stats, which grew 36% to 485 MW in 2009 photovoltaic market. An exciting news is, the U.S. Department of Energy had announced that it will give around USD 1.4 billion to BrightSource Energy in order to help stimulate the production and use of green energy. It might be culminated in the 1 GW grid-tied U.S. PV market that optimists are predicting for 2010.
Even though China has been the largest solar panel and accessories supplier for years, it continues to be slow in solar maket. In 2009, 160MW has been achieved.
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