Solar energy global market drivers and challenges
from By Don Rosato
The world-wide solar energy or photovoltaic demand reached only 29 gigawatts (GW) last year, a five per cent year-over-year increase. This is the first time in 10 years that the year-over-year photovoltaic industry market growth has been less than 10 per cent. For supply and demand to have been balanced during 2012-13, end-market demand should have approached the 45 GW level. This overcapacity is having a significant effect on companies all along the supply chain as the industry consolidates.
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