Germany drives global solar capacity growth in 2012 - Mercom
Dec 14, 2012 - Bigger-than-expected installed photovoltaic (PV) capacity in Germany for 2012, seen reaching 8 GW, could help push the global total up this year, Mercom Capital Group said in a market study released Thursday.
While earlier in the year industry projections were for between 2 GW and 3.5 GW of PV installations in Germany, the country had 6.82 GW of new capacity as of October and was on track to reach 8 GW by the end of 2012. In spite of the recent launch of a new feed-in tariff (FiT) scheme with lower rates for renewables, which is designed to reduce annual green capacity additions to the manageable 2.5 GW-3.5 GW, the higher-than-expected 1.8 GW in solar capacity installed in July, August and September would result in installations way above the allowed maximum.
Meanwhile, Italy is still expected to install around 3.5 GW in capacity this year, way below the 2011 result of more than 9 GW.
Japan, China and the US, are all expected to see new solar capacity rise almost two times from the level in 2011, and India, which is on track for more than 1 GW in installations this year, have also added impetus to the global market, said Mercom citing data from various sources.