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GLobal solar power market: Europe the key region for PV installations in 2011

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PR-Inside.com: 2014-04-23 03:37:02
Europe was the primary location for PV installations in 2011. However, North America and Asia-Pacific are projected to be the regions that will have an increased installed capacity during the forecast period.The growth in solar installations has not translated into greater revenue due to the continued decline in the average selling price of solar modules.The PV industry experienced a tremendous supply and demand imbalance through the value chain in 2011. Most solar module manufacturers had to reduce prices, decrease margins, and, in some cases, close some manufacturing facilities.All regions are expected to experience higher growth during the forecast period, with some areas showing stronger growth. Europe and the United States are likely to become the main locations for new CSP installations. However, several projects are planned for North Africa, the Middle East, and Asia-Pacific.

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