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Global PV market to treble in three years

http://reneweconomy.com.au/2012/solar-insights-global-pv-market-to-treble-in-three-years-11357
The global solar PV industry is going through what McKinsey & Co recently described as the darkness before the dawn – a massive shakeout as subsidies are wound back, demand plateaus (at least temporarily), and the rewards go to the cheapest, most efficient and best managed. Some 200 solar manufacturers that displayed last year failed to make an appearance at this year’s InterSolar conference, one of the biggest on the annual calendar, with most unable to cope with the 45 per cent cut in module prices over the past 12 months.

But getting through the current shakeout may be not be a guarantee for success, even if the prospects of volume look promsing. According to Dieter Manz, the CEO of Manz, a German electronics (LCD and solar PV) manufacturer, the solar PV industry is likely to more than triple by 2015 to 100GW a year, and that will be the signal for a range of new competitors – this time the deep pocketed LCD manufacturers such as Samsung, LF and Foxconn, to enter the market.

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