Free Newsletters - Space - Defense - Environment - Energy - Solar - Nuclear
..
. Solar Energy News .




SOLAR DAILY
Emerging Markets Predicted to Bring Stability to Solar Industry
by Staff Writers
Wellingborough, UK (SPX) Nov 29, 2012


Escalating power demand and increasing reliance on fuel imports have ignited interest in renewables.

Emerging markets are forecast to help bring stability to ailing solar industry, with up to 12 gigawatts (GW) of new photovoltaic (PV) capacity added in 2017 up from just 1.6 GW in 2012, according to a new IHS solar report.

The recently released study, which evaluated the potential for PV additions in 40 countries around the world, found that up to 30 GW of cumulative PV capacity will be added in emerging markets over the next four years, helping to stabilize the industry amidst a raft of incentive cuts in core European markets.

The IHS Solar Emerging Markets Study is the first report to provide an in-depth analysis into the growth potential of emerging markets in Asia Pacific, Latin America, Middle-East, Africa and 'emerging Europe.'

The 200-page report found that although many of these emerging markets may present significant risks to companies seeking to enter them, many also offer excellent growth prospects.

Given the great uncertainty in emerging solar markets, two forecast scenarios were presented in the study which predicted that 2.1 to 3.5 GW of new PV capacity will be added in 2013, growing to 2.9 to 12.2 GW in 2017.

Having assessed a number of criteria, including macroeconomic factors, potential market size, project profitability, near-term policy and project pipelines in each of the 40 countries, the study found that some of the most appealing markets will be South Africa, Thailand, Chile, Romania and Brazil. 'Tier-2' markets, which scored slightly lower, but still may offer opportunities to solar companies, but possibly not without risks, included Argentina, Ecuador, Turkey and Mexico.

While each country's market is unique, the following recurring drivers of solar PV deployment have emerged:

+ In Africa and the Middle East, low, highly subsidized power prices have prevented renewables from taking off, but heavy reliance on fossil fuels for power generation and an expected 26 percent demand increase by 2017 will reverse the trend.

+ In emerging European markets, low retail power prices combined with a high reliance on coal, hydro, and nuclear make RES requirements the main driver for PV build-out in the region. Turkey is also looking at PV to potentially ease its surging power demand.

+ Escalating power demand and increasing reliance on fuel imports have ignited interest in renewables in Asia. India has the highest mid-term PV market potential, driven by high industrial power prices and frequent power shortages.

+ A heavy reliance on oil for power, high commercial and industrial power prices, and an expected 26 percent increase in power demand by 2017 have sparked solar development activity in Latin America.

The study captured a huge pipeline of planned, approved and under-construction PV projects in these emerging markets. Close to 20 GW of PV projects were identified by the study, 14 GW of which are in the pipeline stage indicating the potentially huge market growth lying ahead.

However, many of the regions investigated are facing notoriously slow approval and implementation processes and less than 1 GW of this pipeline is currently under construction.

In terms of pipeline size, Chile currently leads the way with more than 3 GW of projects, followed by Romania, South Africa, Serbia and Israel. The study also identified more than 300 developers and EPCs with major PV projects planned in these emerging markets.

Securum Equity Partners is perhaps the most notable developer on this list and is behind the 1 GW project being proposed in Serbia over the next four years - whether this project is fully completed remains to be seen. IHS also identified another 42 developers with pipelines of at least 100 MW, with projects in Chile, Romania and South Africa featuring predominantly.

.


Related Links
IHS Solar Emerging Markets Study
All About Solar Energy at SolarDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





SOLAR DAILY
Funneling the sun's energy
Boston MA (SPX) Nov 27, 2012
The quest to harness a broader spectrum of sunlight's energy to produce electricity has taken a radically new turn, with the proposal of a "solar energy funnel" that takes advantage of materials under elastic strain. "We're trying to use elastic strains to produce unprecedented properties," says Ju Li, an MIT professor and corresponding author of a paper describing the new solar-funnel con ... read more


SOLAR DAILY
Tiny algae shed light on photosynthesis as a dynamic property

Algae held captive and genes stolen in crime of evolution

Marine algae seen as biofuel resource

Engineering plants for biofuels

SOLAR DAILY
Study of risks to humankind proposed

Robotic Fish Research Swims into New Ethorobotics Waters

Toshiba unveils dog-like robot for Fukushima plant

Ban 'killer robots,' rights group urges

SOLAR DAILY
US Navy, DoD, Developer Announce Wind Farm Agreement

Britain: Higher energy bills 'reasonable'

Areva commits to Scotland turbine plant

AREVA deploys its industrial plan to produce a 100 percent French wind power technology

SOLAR DAILY
North America lags in gas-driven vehicles

Ford Fusion wins LA car show green prize

VW says air cleared over industrial espionage in China

Truck maker MAN to supply chassis to China's Sany

SOLAR DAILY
Graphite experiment shines new light laser-driven fusion

Shale development threatens China's water

Ecuadoran villagers drag Chevron to Canadian court

Philippines refuses to stamp Chinese passports

SOLAR DAILY
AREVA to continue International OECD Research Program for nuclear plant safety

Japan anti-nuclear groups join forces ahead of poll

France begins 'energy transition' debate

Japan's ruling party promises to phase out nuclear power

SOLAR DAILY
A low-carbon Finland is a great challenge, but an achievable one

Official "Green Tuesday" Launch November 27, 2012

Poland to invest 24 billion euros in energy by 2020

Analyzing the cost of federal and other renewable energy subsidies in Texas

SOLAR DAILY
China demand fuels illegal logging: report

New study shows how climate change could affect entire forest ecosystems

Brazil says Amazon deforestation at record low

Island row dulls China land grab fears in Japan




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement