NewEnergyNews: GLOBAL Q3 2013 SOLAR HITS RECORD HIGH

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    Friday, October 11, 2013

    GLOBAL Q3 2013 SOLAR HITS RECORD HIGH

    Third Quarter Solar PV Installations Reach Record High of 9 Gigawatts…Mid-year global solar PV demand grows to a record level of 17 GW with trade-war uncertainties having a minimal impact on continued end-market growth

    October 2, 2013 (SolarBuzz)

    “During Q3’13, end-market demand from the global solar PV industry reached a new Q3 record of 9 GW. This record demand is up 6% Q/Q and almost 20% Y/Y…Both mid-year quarters, Q2’13 and Q3’13, have achieved record solar PV demand levels, resulting in more than 17 GW of new solar PV installations… almost 3 GW more than the solar PV industry has ever achieved…During Q3’13, there were continued signs of stabilized pricing, with module ASPs decreasing by less than 1% Q/Q, compared to last year’s 12% price decline…[E]nd-market revenues have increased for three consecutive quarters…exceeded $13 billion during Q3’13…[F]ull-year 2013 revenues [are] expected to be in the range of $65-75 billion...[They were] $68 billion in 2012 and $92 billion in 2011 when module and system prices were 20-50% higher…” click here for more

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