Asia-Specific will dominate the global PV capacity by 2014: Solar Buzz

Many regions in the world have given their projections in solar PV capacity. Asia Specific region will play in the solar industry by 2014.

Author: Bikash Kumar Sahu

Department of EEE, Gandhi Institute for Education and Technology, Baniatangi, Khordha, 752060

Steven Han, analyst at NPD Solarbuzz, Said that APAC will dominate to international market by both manufacturing supply and end-market demand in 2014 with the more 80% productions of solar PV module. This region will also expect that to add 50 GW of solar PV by 2015.

Ground mount solar PV installations will dominate the APAC region in 2014, with 53% of installed capacity. APAC countries are forecast to install more than 23 GW of PV generating capacity (at peak output) in 2014, more than the entire global PV industry installed during the year 2010. The Chinese Bureau of Energy recently announced an aggressive target of 12 GW for 2014, with 8 GW to be installed on rooftops, and the remaining 4 GW located on the ground. New investments also continue to drive the Japanese market, following the country's 230 percent annual growth in 2013, which will drive the pipeline of solar PV projects in Japan above 20 GW. Thailand is set to become the next major solar-PV country in the APAC region in 2014, having increased its target for renewable energy contributions to 25% by 2021. The country's National Energy Policy committee has proposed 800 megawatts (MW) of community-based solar-PV capacity, with an additional 200 MW to come from solar rooftops.

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