US and Asia Pacific pipelines to stimulate PV revenue growth in 2H'12
May 15, 2012 // Paul Buckley
Solar photovoltaic demand during 2H'12 will see increasing contributions from emerging markets in North America and Asia Pacific, with 60% of PV demand coming from non-European regions according to new research featured in NPD Solarbuzz's PV Market Quarterly report.
According to Wolfgang Schlichting, Research Director for downstream PV markets at NPD Solarbuzz, The expansion in global PV end-markets during 2H12 requires new sales and marketing approaches to exploit the significant revenue opportunities in North America and Asia Pacific. Understanding the changing PV landscape across utility, ground-mount and leasing projects forces a shift in corporate strategies to more diversified downstream business operations.
During 2H12, utility-scale projects will accelerate PV growth across North America and Asia Pacific, representing 57% of demand in those regions. To realize projects on-time and within budget, the role of project developers will become increasingly important, especially in accessing finance and coordinating necessary permits and EPC (engineering, procurement, and construction) providers. Downstream companies that can provide monitoring, performance guarantees or project maintenance to ensure the quality of electricity delivered will also benefit from this segment growth.
Large ground-mount projects (>5 MW in capacity) across China and India are forecast to dominate Asia Pacific demand during 2H12. Over 2.2 GW are expected to be completed in Q4'12, ahead of year-end policy expiration dates. The Japanese market was previously comprised of many small local PV installers serving the residential segment, but the introduction of the new FIT in July provides opportunities for system integrators and project developers who can design/engineer, construct, and/or finance large PV systems. Overseas companies that can bring cost-competitive products or services to large-scale systems will also benefit. PV demand in Japan during 2H12 is forecast to exceed 1.1 GW, representing 74% growth compared to 2H11.All news
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