SOLAR BOOM SPREADING ACROSS THE WORLD
Solar PV Market Forecasts; Installed Capacity, System Prices, and Revenue for Distributed and Non-Distributed Solar PV
3Q 2013 (Navigant Research)
"There is no one single solar photovoltaic (PV) market. Local market conditions, retail electricity rates, incentives, and types of system all vary widely and dramatically affect the cost of a system and its applicability to a region…Market activity is shifting from Europe to Asia Pacific and, potentially, the United States as these markets reach maturity and near grid parity in terms of costs. There is also considerable opportunity in other regions, led by Chile, South Africa, and Saudi Arabia…By the end of the decade, solar PV is expected to be cost competitive with retail electricity prices without subsidies in a significant portion of the world. Navigant Research forecasts that annual revenue from solar PV installations will surpass $134 billion by 2020…” click here for more
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