The World's #1 Renewable Energy Network for News, Information, and Companies.

PV Module Production Doubles in 2008

Solar photovoltaic module production world-wide almost doubled in 2008, according to the European Commission's Joint Research Centre's eighth Annual Photovoltaics Status Report.

According to the analysis, global PV production increased to about 7.3 GW in 2008, an 80% rise on the previous year.

Europe's production of solar cells rose from 1.1 GW to 1.9 GW, while the installed capacity increased threefold to 4.8 GW. This was mainly led by Spain, where installed capacity almost quintupled from 560 MW in 2007 to 2.5–2.7 GW.

The cumulative installed PV electricity generation capacity in the world was around 15 GW, with Europe accounting for more than 60% of this (9.5 GW).

The study, conducted by the JRC Institute for Energy (IE), gives an overview of current activities in research, manufacturing and market implementation in this sector. The report shows that European PV production has grown on average by 50% per annum since 1999 and its market share has increased to 26% in 2008. In terms of electricity generation, photovoltaics contributed in 2008 for about 0.35 % of Europe's final electricity consumption.

However, the report does note that global investment in renewable energies and energy efficiency was hit by the financial crisis in late 2008 and early 2009, “but is now showing signs of a strong recovery.” Identifying a significant slowdown in investment in the second half of 2008 (-10% in the third quarter; -23% in the fourth), that continued in the first quarter of 2009 (down 47% compared with the fourth quarter of 2008), this trend started to reverse in the second quarter (+83% compared with the first quarter of 2009).

The analysis names China as the new leading producer of solar cells, with an annual production of about 2.4 GW, followed by Europe with 1.9 GW, Japan with 1.2 GW and Taiwan with 0.8 GW. Should this trend continue, China might be expected have secured about 32% of world-wide production capacity by 2012.

In addition, the document argues that an increasing number of producers are entering the market, therefore, the market share of the 10 largest PV manufacturers decreased from 80% in 2004 to 50% in 2008.

In other market news, the report says that in 2008, thin-film solar modules reached 12-14% of market share while concentrating photovoltaics (CPV) emerged as a market with approximately 17 MW of cumulative installed capacity in 2008.

RELATED ARTICLES

First Anniversary of The Balkan Floods Highlights Renewable Energy Market Opportunities

Ilias Tsagas, Contributor One year ago this month, severe flooding in Serbia, Bosnia-Herzegovina and Croatia killed 79 people, displaced about half a million and caused economic paralysis of the region. In the wake of these the catastrophic events, ...
Canadian Climate Goals

Canada Announces Weak Climate Target

Danielle Droitsch, NRDC Last week, Canada has announced its contribution to the global effort to reduce greenhouse gases by announcing its post-2020 target. The target announced today is off-track to the 80 percent cut by 2050 they committed to in...
Renewable Energy Stocks

What Drives Alternative Energy Stocks?

Harris Roen, The Roen Financial Report Alternative energy became a serious market player after the turn of the millennium. Since that time, solar, wind, smart grid and other alternative energy stocks have experienced both strong up and down trends. The forces at...
Rooftop Solar Panels

Hypocrisy? While Buffett Champions Renewables, His Company Fights Rooftop Solar

Mark Chediak, Noah Buhayar and Margaret Newkirk, Bloomberg Warren Buffett highlights how his Berkshire Hathaway Inc. utilities make massive investments in renewable energy. Meanwhile, in Nevada, the company is fighting a plan that would encourage more residents to use green power.

CURRENT MAGAZINE ISSUE

03/01/2015
Volume 18, Issue 3
file

STAY CONNECTED

To register for our free
e-Newsletters, subscribe today:

SOCIAL ACTIVITY

Tweet the Editors! @megcichon @jennrunyon

FEATURED PARTNERS



EVENTS

EU PVSEC 2015 (European PV Solar Energy Conference and Exhibition)

The EU PVSEC is the largest international Conference for Photovoltaic re...

Sponsor/Exhibitor: MIREC Week 2015

Solectria, Pillar, and Variadores together are co-Silver Sponsors! Come ...

More Power, More Profit Tour - San Diego

Register for the SMA More Power, More Profit Tour for free, in-person sa...

COMPANY BLOGS

EU PVSEC 2014 extends its Scope

Added focus on application and policy topicsAbstracts for conference con...

EU PVSEC 2014: Call for Papers Receives Great Response

More than 1,500 contributions apply for presentation in AmsterdamScienti...

How GreenLancer Streamlines the Solar Design Process

Post originally appeared on the GreenLancer Blog by Ardelia Lee Cr...

NEWSLETTERS

Renewable Energy: Subscribe Now

Solar Energy: Subscribe Now

Wind Energy: Subscribe Now

Geothermal Energy: Subscribe Now

Bioenergy: Subscribe Now  

 

FEATURED PARTNERS