Feed-in tariffs to stimulate significant growth

DUBLIN, IRELAND: Research and Markets has announced the addition of the "BIPV Technology and Market Forecast (2009-2015)" report to its offering.

BIPV (Building Integrated Photovoltaic) is the efficient photovoltaic system for the following two reasons. First, the solar module is integrated or used for exterior envelopes of buildings as a material: securing economics of electricity. Second, BIPV has high value-added aspects such as aesthetics. Therefore, BIPV has a double effect while reducing installation cost since it has another function other than a material for exterior envelopes of buildings - the conventional function of generating electricity.

In addition, it is also more beneficial because the extra site to install is not necessary like the conventional stand-alone photovoltaic system. In particular for countries like Korea that have limited space and densely populated areas, it is a very important issue to adopt distributed power systems such as BIPV.

Since the global economic recession from the end of 2008 to the beginning of 2009, each government has recommended and given incentives for residential and commercial rooftop PV systems. Recently, many countries are adopting FIT policy for BIPV in order to reduce energy consumption from residential and general buildings.

The worldwide BIPV installation market has grown by 48.7 percent to 270.1MW in 2010 from 181.6MW in 2009 - thanks to BIPV support policies and market trends. The installation market is expected to be aggressively increased by more than 60 percent to 433MW compared to previous year as FIT support policy is implemented in France and Italy in 2011. In addition, it is expected that more countries will apply incentive policies for BIPV. As the BIPV applications are expanded to rooftops of large-sized warehouses, factories, parking lots, airports and skyscrapers as well as soundproof walls of highways. The market is expected to grow to 1.867.5MW which is 10 times more than 2009.