Demand for Photovoltaic Market in Asia Pacific Will Increase by 85%

Solarbuzz, the authoritative research organization, is the latest research report of the 2010 Asia-Pacific PV market, and believes that emerging countries with rapid growth in demand for photovoltaics have a total installed capacity of 0.9 GW in 2009, accounting for 12% of global demand. The five major markets in Asia Pacific, China, India, South Korea, Australia, and Japan all expect to return to strong growth in 2010, reaching an annual growth rate of 85%.

“After the Japanese government introduced a number of incentives and subsidies, Japan is the country that showed the strongest growth in the PV market in 2010,” said Craig Stevens, president of Solarbuzz. “The growth expectations of China and India are also quite high, but there will be Some of the challenges, such as how to implement the photovoltaic projects that are currently undergoing examination and approval through government incentive policies, have attracted a large amount of funds to support them."

Solarbuzz stated that in 2009 China's PV market reached 228 MW of installed capacity with an annual growth rate of 552%. The growth momentum mainly comes from the grid-connected power generation projects, the installation of photovoltaic systems for buildings and the installation of ground-based photovoltaic systems, especially in some of the larger provinces such as Ningxia and Jiangsu. The government has strongly supported them; The system installation market jumped from 33% of market share in 2008 to 88% in 2009. Solarbuzz believes that with more and more bids for projects, in June 2010, the National Development and Reform Commission and the National Energy Administration approved 95 projects with a total installed capacity of 18.6 GW, which will allow China to grow faster in the future.

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