The recently released study, which evaluated the potential for PV additions in 40 countries around the world, found that up to 30 GW of cumulative PV capacity will be added in emerging markets over the next four years.
The IHS Solar Emerging Markets Study is the first report to provide an in-depth analysis into the growth potential of emerging markets in Asia Pacific, Latin America, Middle-East, Africa and 'emerging Europe.'
The 200-page report found that although many of these emerging markets may present significant risks to companies seeking to enter them, many also offer excellent growth prospects. Having assessed a number of criteria, including macroeconomic factors, potential market size, project profitability, near-term policy and project pipelines in each of the 40 countries, the study found that some of the most appealing markets will be South Africa, Thailand, Chile, Romania and Brazil. 'Tier-2' markets, which scored slightly lower, but still may offer opportunities to solar companies, but possibly not without risks, included Argentina, Ecuador, Turkey and Mexico.
Its great to see how these markets can jump straight to clean markets. How will this effect panel demand ? - this surge in demand could be what the manufacturers are hoping for to reduce sliding panel sale prices.
Whilst in the UK we appear to have lost months of opportunity and confidence due to the short sighted rather dinosaur views of some of our politicians the rest of the world once again pushes on with what can only be deemed as total common sense policy.