Report: Distributed solar energy market to approach 2.5 GW by 2012
A recent report forecasts that sub-utility scale photovoltaic systems will create more than $55 billion in annual revenue.
Within the renewable distributed energy generation market, sub-utility scale solar photovoltaics (PV) systems are by far the largest and most significant segment, according to a Pike Research press release .
A recent report by the research group forecasted that the distributed solar energy market is poised for dramatic growth over the next few years, and the clean-technology market intelligence firm forecasts that global installed capacity will approach 2.5 GW by 2012, with annual system revenues surpassing $55 billion.
"Residential and commercial solar energy remains a subsidy-driven market, but we expect the reliance on government and utility incentives to subside over the next several years as cost structures improve with economies of scale," said senior analyst David Link, who authored the report. "The dependence on feed-in tariffs and other incentives will be far lower in Europe within 3 to 5 years and in the U.S. within 5 to 10 years."
The study, "Distributed Solar Energy Generation," analyzes the global opportunity for distributed solar PV in the context of the broader distributed energy market. The study covers key business issues and drivers of demand, including government-driven legislation and incentives as well as market-based factors. Forecasts include worldwide solar energy generation capacity, system revenues, and installed prices through 2013.
An executive summary of the report is available on the firm's website.