iSuppli Forecasts 15.8GW of Solar PV in 2010, 19.3GW in 2011

solar panels photo

Photo: Flickr, CC
Solid Solar Growth
Market reserach firm iSuppli's latest forecast for the solar power industry is out, and the predictions for total installed capacity in 2010 and 2011 are pretty positive. The forecast for 2010 was increased from 14.2 gigawatts (GW) to 15.8 GW, in good part thanks to stronger than expected demand in Germany. If accurate, this would represent 118.7% growth from 7.2GW in 2009! But sadly, 2011 won't see another 100%+ increase; the forecast for that year is of 19.3 GW, down a bit from the previous forecast of 20.2 GW.
solar panels photo

Photo: Flickr, CC

iSuppli writes: "Germany's solar business--the world's largest market--grew at an extraordinary rate in the second quarter of 2010, causing PV installations to exceed expectations during the first half of the year. In the first half, Germany installed 3.9GW worth of solar systems. Germany's surprising performance was driven by excellent investment conditions and demand pull-forward prior to a cut of the country's Feed-in-Tariff (FIT) incentive program in July."

They also expect the price of crystalline solar modules to decline by 9% in the first quarter of 2011 and by 6% in the second quarter.

We wrote about the previous iSuppli solar forecast here.

See also: Cogenra's 'Hybrid' Solar System Captures 80% of the Sun's Energy to Generates Electricity and Hot Water

Via iSuppli
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