The world’s solar power generating capacity will grow by between 200 and 400 percent over the next five years, with Asia and other emerging markets overtaking leadership from Europe, a European industry association said recently, reports Svetlana Kovalyova at Reuters News. “Europe has dominated the global PV (photovoltaic) market for years but the rest of the world clearly has the biggest potential for growth,” the European Photovoltaic Industry Association (EPIA) said in its market outlook. The fastest PV capacity growth is expected in China and India, followed by southeast Asia, Latin America, the Middle East and North Africa in the next five years. Global installed PV capacity, which turns sunlight into power, is expected to have risen from roughly 70 GW in 2011 to triple or more than that by 2016. This year, the world’s total PV capacity is expected to rise roughly 100 GW, this year, with Germany as the main global driver followed by China, the US and Japan.”The growth will depend on the support of politicians. It’s not only about money, it’s also about reducing bureaucracy,” said EPIA’s Reinhold Buttgereit.
Asia to overtake Europe as global solar power grows http://www.reuters.com/article/2012/05/07/us-solar-energy-idUSBRE8460Q620120507 The world’s solar power generating capacity will grow by between 200 and 400 percent over the next five years, with Asia and other emerging markets overtaking leadership from Europe, a European industry association said on Monday. Reuters
