With at least 37 GW of new installed capacity, 2013 was yet another world record year for photovoltaic. The trend towards internationalization in the markets, already observed in 2012, became more acute in 2013, with Asia taking over Europe as the first region in terms of new photovoltaic facilities. This was evidenced by the preliminary figures compiled by the EPIA (European Photovoltaic Industry Association), and presented in early March in Brussels.
Cumulative global photovoltaic capacity reached a staggering 136.7 GW of installed capacity at the end of last year, which represents a power increase of 35% over 2012. In addition, 2014 is expected to close with a further 55,000 MW plus, installed.
These statistics highlights the loss of leadership by Europe. While in 2011 the old continent represented 70% of plants with 22.4 GW installed, only one year later this percentage was down to 59%: 17.6 GW, and in 2013, with 10 GW installed, Europe’s share in the world market dropped to 28%.
Article published in: FuturENERGY April 2014