Solarbuzz Raises Global Photovoltaic 2010 Market Forecast to 15.2 GW (up from 7.5 GW in 2009)

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http://www.solarbuzz.com/sbqdata.htm

Global photovoltaic demand continues to soar in 2010 and is currently projected to double over the rate of installations last year.

In the latest edition of the Solarbuzz® QUARTERLY Report, Solarbuzz has raised its 2010 market size to 15.2 GW which compares with a revised 7.5 GW in 2009. Specifically, the last three quarters of 2010 are projected to generate 12.7 GW of demand, driven by strong growth across Europe, but also in United States, Japan, China and a range of smaller start-up markets.

German market demand incorporates substantial volatility in quarter-on-quarter performance during 2010. This takes account of the uncertainty of policy adjustments in Germany that are planned for July 1 and also January 2011.

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"Despite much uncertainty over policy outcomes a challenging economic environment and inverter supply, the PV industry is once again demonstrating consumers respond to supportive government policies," said Craig Stevens, President of Solarbuzz. "The growth in demand is a response to major cuts in price levels afforded by lower manufacturing costs. As a result, module and inverter supply is just barely keeping up with demand."

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