Renewable Energy World.COM
03 May 2013
The gap between PV supply and demand narrowed slightly in 2012, but overcapacity will continue to weigh on the industry for the next several years, even with optimistic outlooks, according to new industry analyst reports.
Total PV capacity (run-rate) in 2012 was roughly 36 GW, a slight increase from ~35 GW in 2011, while actual production was just shy of 29 GW and shipments rose about 10 percent to 26 GW, according to SPV Market Research’s Paula Mints. (The difference between production and shipments is supply inventory, she notes.) GTM Research’s Shyam Mehta calculates 2012 module production was 36 GW, slightly down from 2011. Either way they agree that 2012 was a lot slower than the previous few years. Read more