Solar

PV in Spain Still Growing

EuPD Research says that the solar photovoltaic (PV) market in Spain is still growing and that growth will continue even as the country’s feed-in tariff (FIT) is scaled back. In EuPD’s new report, the group says that the market will continue to grow after September 2008.

“If better planning reliability is provided by a new promotion law, the market growth in 2010 could be even bigger than the one in the boom year 2007,” said Florian Schmidt, Project Manager of the study at EuPD Research. In 2009, the market volume could decrease however, as market participants may need to reorientate themselves to the new promotion conditions.

The base for the growth has open-space plants of more than 1 megawatt (MW) in size. According to the 112 solar installation companies interviewed by EuPD Research such installations represented more than three fourths of the market volume in 2007. The Spanish Government is promoting rooftop plants and survey participants expect an increasing demand for smaller and medium-sized installations in the future. However, open-space plants are expected to remain the dominant market segment until 2010.

For more information about EuPD’s findings, click here.