Old Rocks
Diamond Member
PV Solar Growth
Data up to and including 2011 is from Solarbuzz. The data for 2012 and 2013 is from the European Photovoltaic Industry Association (EPIA) as of May, 2014. The forecast for 2014 is by the author.
The five year growth rate from 2008 (5.5 GW) to 2013 (39.6 GW) was approximately 50% per year! However, the growth rate from 2009 (7.2 GW) to 2010 (19.6 GW) was a whopping 172%. The growth rate for 2011 was a more modest 40%, but still very good for an entire industry. The reason for the growth rate of only 9% in 2012 was due to major reductions of incentives in several European countries, namely Italy and Germany. The estimate of growth for 2013, finalized in May, 2014 by the EPIA, was 32% - not bad. The 2013 growth was due mainly to increases in China, Japan and the US.
Solar Markets Around The World
An average growth rate of 50% per annum from 2008 to 2013. And you want to call that failure? Talk about being out of touch with reality.
Data up to and including 2011 is from Solarbuzz. The data for 2012 and 2013 is from the European Photovoltaic Industry Association (EPIA) as of May, 2014. The forecast for 2014 is by the author.
The five year growth rate from 2008 (5.5 GW) to 2013 (39.6 GW) was approximately 50% per year! However, the growth rate from 2009 (7.2 GW) to 2010 (19.6 GW) was a whopping 172%. The growth rate for 2011 was a more modest 40%, but still very good for an entire industry. The reason for the growth rate of only 9% in 2012 was due to major reductions of incentives in several European countries, namely Italy and Germany. The estimate of growth for 2013, finalized in May, 2014 by the EPIA, was 32% - not bad. The 2013 growth was due mainly to increases in China, Japan and the US.
Solar Markets Around The World
An average growth rate of 50% per annum from 2008 to 2013. And you want to call that failure? Talk about being out of touch with reality.