30 Jan '12, 6am

Asia Pacific Solar PV Markets Rose 165 Percent in 2011

The region's third largest market is trending in a different direction. Australia's PV installations fell 10% on quarter. First-quarter 2012 installations are forecast to decline an additional 20%, as the market readjusts to the termination and reduction of a number of incentive policies in first-half 2011. The fiscal year 2012 market is forecast to fall by 30%; however, the market is forecast to pick up in 2013 as large-scale ground-mounted systems begin to come online. The retrenchment of solar PV incentive policies across the country has left many downstream installers stranded with evaporating demand and many firms have ceased operations.

Full article: http://www.digitimes.com/news/a20120130PR205.html

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