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Energética India | September / October 2015

After the rapid price decline and the industry consolidation, 2014 saw several actors returning to profit, in a growing market. From a technology point of view, crystalline silicon-based PV continued to dominate the market, while the share of thin film remained stable, thanks to Cadmium telluride (Cdte) and the boom of the Japanese market for Copper Indium Gallium Selenide (CI(G)S). The market growth experienced in 2013 and 2014 brought the utilisation rates of manufacturing capacities for solar components to more reasonable levels and reduced the pressure on prices. In Europe, the price undertaking for PV modules maintained the prices of some Chinese producers at higher than market levels, while other Asian manufacturers continued to offer cheaper prices. After years of dramatic cost reduction, innovation seems to play a central role again. Several manufacturers have announced orders for innovative equipment to upgrade their current production lines or to put new ones in place. In parallel, new module factories are opening within, or close to, emerging markets while some continued to close in Europe. The market growth has brought production capacities closer to a sustainable utilisation rate and therefore, with profitable companies, a new cycle of investment can start in the PV sector. Global Solar Market After having reached close to 37 GW in 2013, solar PV markets reached the 40 GW mark for the first time in 2014. This level of installations has been achieved thanks both to the growth of Asian and American markets and, to some extent, thanks to the emergence of new markets. China officially installed 10.6 GW of PV in 2014, including 2 GW of distributed installation, with strong political support and feed-in tariff based policies. This was also the case in Japan: 9.7 GW of PV systems were installed in 2014 in a market driven by feed-in tariffs and to a lesser extent, self-consumption measures. The US solar PV market continued its growth with 6.5 GW installed in 2014. while net-metering policies have been implemented in 44 States, the federal tax break policy continues to drive the market, together with State support. California contributed to more than 50% of all US solar PV installations in 2014, while all other States are lagging far behind. In Europe, the UK and Germany were the two sole GW markets in 2014 in a context of reduced political support for solar PV. The UK market was driven by a combination of incentives, and installed 2.4 GW. Some unofficial sources announced higher numbers–up to 3 GW – based on an analysis of the module shipments. the PV market in Germany decreased to 1.9 GW with reduced incentivesand uncertainties about market development. SOLAR POWER Behind these 5 leading markets, several countries installed close to 1 GW in different regions of the world. In Europe, France installed more than 900 MW, after a drop in installations in 2013. In the APAC region, Korea’s market doubled to more than 900 MW, almost the same level of installations as in Australia. The South African market finally took off with 800 MW installed. In parallel, several countries contributed significantly to the market development with Canada, Taiwan, Thailand, the Netherlands and Chile installing close to 500 MW each. With more than 178 GW installed globally at the end of 2014, solar power con- 35 energetica INDIA · SEP | OCT15


Energética India | September / October 2015
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