Solar Power World

Research warns of decline in PV revenue next year

Despite shipments of PV modules set to grow in 2011, rapid price erosion may see a decline in market revenues next year, according to the latest analysis from IMS Research. A detailed analysis of key industry metrics revealed that although MW shipments of modules have grown at an average of 60% over the past 2 years, industry revenues have only grown by only 13%. As the industry prepares to enter a period of softening demand and decreasing prices, suppliers will need to concentrate... Read More

Global PV Market In 2010: Nearly 17 GW

The global PV market is forecast to exceed 16 GW in 2010 according to recently released projections from IMS Research. Demand for PV systems is predicted to more than double in 2010, with the top five markets accounting for more than 13 GW, although much slower growth is predicted in 2011, according to the market research firm’s recent survey. The research firm released its forecasts following an updated survey of cell, module and inverter suppliers as well as major system... Read More

Mitsubishi Electric Opens Its 2nd PV Cell Production Facility

Mitsubishi Electric Corporation has completed construction of PV Cell Plant #2, a new photovoltaic (PV) cell production facility at its Nakatsugawa Works Iida Factory in Nagano Prefecture. By March 2011, the company will raise its annual PV cell/module production capacity by 50 megawatts (MW) to 270MW, and ultimately plans to reach an annual capacity of 600MW at an early stage. The global PV market is expected to grow from 5,550MW in fiscal 2009 (April 2008 – March 2009) to... Read More

Research Predicts PV Market To Be Worth US$38.1B By 2014

A new market research report published by MarketsandMarkets, ‘Concentrated Photovoltaic and Solar Photovoltaic Global Markets (2009 – 2014)’, predicts the total concentrated photovoltaic market to be worth US$266.0 million by 2014, growing at a CAGR of 33.0% from 2009 to 2014. Europe is expected to command the maximum market share at 59.3%, followed by the Americas, which are expected to hold 32% of the global concentrated photovoltaic market.The Concentrated Photovoltaic... Read More