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Developments in 2011 pave the way for future success
The global solar industry has seen a number of significant setbacks over the past few years, for as varied of reasons as reductions in European FIT levels, oversupply in the PV industry, global financial conditions and bureaucratic and legal challenges to large-scale CSP in California.
However, the global solar industry has reacted to these challenges and continued to grow. New feed-in tariffs are passed in other regions, falling module prices lead to booms in installations in the U.S. and China, and CSP plants become both more technologically sophisticated and environmentally sensitive, while the government of California and the U.S. federal government streamline regulations to build new plants.
The combination of technological and policy developments in 2011 points towards significant future growth. This growth may not always be where we expect it, as the example of the Ohotnikovo and Perovo PV plants in the Ukraine demonstrate. And it may not be in the technologies that we expect.
However, we can expect growth in coming years in CIGS PV, CPV, and CSP with thermal energy storage. Also, as we move from a solar industry focused on Germany to an industry with more diverse global markets, Asia and particularly China is rising as a second center of PV demand.
All of these trends ultimately will help fuel the global energy transformation away from the fossil fuel and nuclear industries and towards a renewable future, with solar as a leading technology
However, the global solar industry has reacted to these challenges and continued to grow. New feed-in tariffs are passed in other regions, falling module prices lead to booms in installations in the U.S. and China, and CSP plants become both more technologically sophisticated and environmentally sensitive, while the government of California and the U.S. federal government streamline regulations to build new plants.
The combination of technological and policy developments in 2011 points towards significant future growth. This growth may not always be where we expect it, as the example of the Ohotnikovo and Perovo PV plants in the Ukraine demonstrate. And it may not be in the technologies that we expect.
However, we can expect growth in coming years in CIGS PV, CPV, and CSP with thermal energy storage. Also, as we move from a solar industry focused on Germany to an industry with more diverse global markets, Asia and particularly China is rising as a second center of PV demand.
All of these trends ultimately will help fuel the global energy transformation away from the fossil fuel and nuclear industries and towards a renewable future, with solar as a leading technology
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