U.S. & Spain in Close Race for #3 in PV Market

[Digitimes] Rapid growth in the Spanish photovoltaic (PV) market in 2007 will challenge the US as the world’s third largest PV market in 2007, according to Solarbuzz. The Spanish market has grown rapidly over the past 12 months, rising from just 35 megawatts (MW) in 2005 to 110MW in 2006. This growth has been a function of the Royal Decree 436/2004 Law which set up the original Feed In tariff structure and currently includes direct incentives for solar electricity of up to €0.44/kWh (US$0.59/kWh) paid for 25 years.
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