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Solar's Outlook Dazzles

Renewable Energy World

27 Ma7 2011

At the end of last year, the global photovoltaic market hit a cumulative installed capacity of 40 GW, of which 16.6 GW was added during 2010. A year of unprecedented growth saw new capacity more than double from 7.2 GW in 2009. Worldwide, solar PV already produces some 50 TWh each year. By 2015, though, capacity could climb to range from 131 GW to 196 GW.

These figures come from the European Photovoltaic Industry Association (EPIA), which recently presented its Global Market Outlook for Photovoltaics until 2015. The trade group linked last year’s surge to soaring German and Italian markets. Germany continued to lead the PV market worldwide, with 7.4 GW installed over the year, while Italy added a substantial 2.3 GW.

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