Well in very postive news for both the solar industry and everyone concerned about the environment, a detailed article in the June edition of Renewable Energy World Magazine tells of greatly increased worldwide demand for solar energy systems, with predictions of up to 60% increase in global clumative capacity expected by the end of 2010 compared to 2009

According to the latest market analysis, the global solar photovoltaic (PV) electricity market saw about 7.2 GW of new capacity installed in 2009, bringing the total global installed capacity to more than 22 GW worldwide.

Crucially, the industry itself, through the European Photovoltaic Industry Association (EPIA), identifies this growth as ‘the most important annual capacity increase ever’ which it says is particularly impressive in light of the difficult financial circumstances seen over the past year.

Furthermore, in 2010, global cumulative installed PV capacity is expected to grow by at least 40%, while the annual growth is expected to increase by more than 15%. Much of this growth is anticipated to be seen in Europe, which remains the leading market for PV technology.

In continued good news for householders, growth in the second half of the year will be driven by reductions in the cost of solar installations……. “Plummeting prices for solar panels during 2009 now are being reflected in system prices’, Wicht observed, noting: ‘These price declines will compensate for the FIT reductions, resulting in a favourable return on investment (ROI) for homeowners and project developers….”

To read the full article click here -
http://www.renewableenergyworld.com/rea/news/article/2010/06/pv-global-outlook-a-bright-future-shines-on-pv?cmpid=WNL-Tuesday-June8-2010