Tuesday, July 14, 2009

Photovoltaic incentive programs and country profiles

LYON, FRANCE: Yole Développement has released a new marketing & technology study dedicated to the photovoltaic industry: Photovoltaic Incentive Programs & Country Profiles. Yole Développement has interviewed key experts for each country to analyze each program.

The objective of this study is to provide the best information on each country active in the PV field including a concise summary of the type and the definition of incentive programs.

Market trends
With virtually unlimited potential, photovoltaic (PV) technology is the most promising source of electricity for the future. Driven by carbon concerns, desire for energy independence and limited oil and gas production, many governments want to increase the share of electricity produced by solar panels.

However, photovoltaic electricity production remains one of the most expensive. An effective way to increase PV electricity production is to reduce the cost through targeted incentives.

In the last 10 years, a number of government sponsored incentive programs have been established. Japan and Germany led the way and each encountered tremendous success.

The demand for solar panels experienced in recent years in those countries has been a direct result of their incentive programs. When a country decides to promote PV energy with incentives it will result in: immediate investment opportunities; creation of thousands of jobs; and shipping of solar products in substantial volumes.

However, incentive programs are complex and it is crucial for everyone involved to have a clear picture of the situation to make informed choices.

Detailed data & analysis for each country
In 2007, Spain launched interesting PV incentives which created demand and investors responded. As installed capacity exceeded targets, in 2008 the Spanish government limited the program.

The PV industry in Spain was hit hard. In 2007 all lights were green and companies expanded capacity. By 2009, the limitation of the incentives reduced demand and companies suffered due to over investment.Source: Yole Développement.

To properly gauge the market, each new incentive program must be analyzed and converted into a number of peak megawatts (MWp) installed. As countries rush to promote this technology many new incentive programs have been announced. China, France, Czech Republic and Bulgaria among
others are rolling out programs.

For each country, Yole’s report provides general data (population 2006; GDP 2006, total energy production) as well as specific data on the PV industry: share of source of electricity, insolation map, description of incentive program, breakdown of installation.

“Industrial companies and/or investors that need accurate information on countries to make strategic decisions will benefit by acquiring this report” explains Gaetan Rull, Marketing Analyst at Yole Développement.

Information described in this report is based on an in‐depth investigation Yole Développement carried out on 80 countries in the world. The company has discussed with the main organizations and controlling bodies in each country of interest in order to get access to the most relevant information.

Catalogue price: Euros 2,990

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