USA: Reportlinker.com announced a new market research report: Solar Demand Outlook: Europe - Applications, Regional Demand Drivers, Incentive Programs, and Market Forecasts.
In 2009, the market in Europe for photovoltaic technology accounted for 83 percent of global demand. In 2010, Europe's share of global demand decreased by 3 percentage points to 80 percent, and in 2011, Europe's share fell 17 percentage points to 63 percent. While this trend can be attributed in part to rapid demand growth in other parts of the world, the fact is that growth in the world's largest market for solar power components has stagnated.
Growth in the region has traditionally been driven by the feed-in tariff (FIT) incentive. In more recent years, European countries with FITs have undergone abrupt changes to the rules and the tariff rates. These shifts have shaken investor confidence and driven down internal rates of return.
Changes to the amount of electricity that would be reimbursed in Spain, for example, along with the abrupt cessation of that country's incentive in 2011, have shown clearly that the FIT is an unreliable instrument. Navigant Consulting forecasts that, under a conservative scenario, solar demand in Europe will reach just over 11 GW in 2014.
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