On a world-wide basis, wind power remains the dominant new renewable energy source with installations of over 40 Gwatts in 2011
Paris, France, 6 August 2012
In Europe, 41 Gwatts of electrical generation capacity from all sources were installed in 2011. This can be compared to 57.6 Gwatts in 2010. This decrease is due in part to the economic recession which strengthened in Europe throughout the year. For the first time ever, more PV generating power was installed in Europe than any other energy source, surpassing both natural gas and wind turbine generation. New Eu PV at 17.3 Gwatts out-paced natural gas installations by 58%. However on a world-wide basis, wind power remains the dominant new renewable energy source with installations of over 40 Gwatts in 2011. By 2011, the cumulative installed PV generating base reached 68 Gwatts. By comparison, this represents about 28% of the installed wind base of 238 Gwatts.
In terms of production, 7.6% more wattage of PV cells was manufactured than generating capacity installed (29.5 Gwatts compared to 27.4 Gwatts). Inventories at the end of 2011 amounted to less than 1 month. Our figure of merit, (the ratio of total sector revenues to installed PV generation capacity) for 2011 improved significantly to US$3.53 per watt by 24% compared to US$4.6 per watt in 2010. PV production volume is now dominated by manufacturing in Asia where China and Taiwan now account for about 74% of the world supply. Production by European companies declined sharply in 2011 to less that 6% of the global total. Because many of the remaining companies manufacture some of their products in Asia, the actual amount of manufacturing activity in Europe is even less significant.
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EPIC, the European Photonics Industry Consortium, is a membership-led non-for-profit organisation that promotes the sustainable development of organisations working in the field of photonics. Our objective is to foster a vibrant photonics ecosystem by maintaining a strong network and acting as a catalyst and facilitator for technological and commercial advancement.