Major Asia Pacific PV markets set to grow 85 percent in 2010
July 07, 2010 // Paul Buckley
Market analyst, Solarbuzz reports that the Asia Pacific photovoltaic markets are poised to make a significant contribution to global photovoltaic (PV) market growth in 2010 following improvements in the policy environment in most of the key countries in this region.
After a policy-led reduction in demand in South Korea in 2009, all five of these country markets are now expected to return to growth in 2010. According to data in the new Asia and Pacific Major PV Markets 2010 report, demand across the three countries will be up 85 percent in 2010 in the mid-case Green World scenario.
Japan is set for very strong growth in 2010 with clearly set out new incentives for photovoltaics, said Craig Stevens, President of Solarbuzz. The expectations for China and India remain high. However, their challenge will be to translate their long pipeline of projects, now just on paper, into reality through government incentive policies that are certain and at a level high enough to attract financing.
Solarbuzz reports that for the first time in three years, the Japanese market showed a significant increase in 2009. The domestic market more than doubled in 2009 to 477 MW as a result of the re-launch of a nationwide residential incentive program and the introduction of a Japanese version of a Feed-In Tariff (FIT) during the year. The FIT was originally planned to launch from April 2010, but to further accelerate the deployment of the domestic PV market, the government pushed it forward and started the program in November 2009. In addition, as of December 2009, over 400 regional governments (prefecture, city, town or village) offered residential PV support programs, including subsidies and loans as well as utility buy-back schemes and further assistance through utility Green Power Funds.All news
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