In 2011, there were 27.4 gigawatts (GW) of new solar photovoltaic (PV) power generation capacity, including 10 KWh on my property. That is a 40% increase over new installations in 2010, according to the annual PV market report, 2012 Marketbuzz.
According to clean-tech market analyst Clean Edge’s Clean Energy Trends 2012 report, the solar PV market grew 29 percent in 2011 to $91.6 billion.
According to the Solar Energy Industries Association, new US solar installations more than doubled from 887 megawatts in 2010 to 1855 megawatts in 2011. Still, that is just seven percent of global market share.
Who benefited most? Probably the Chinese, who have vastly expanded their solar manufacturing capacity. China also is the biggest growth market, growing by 440 percent from seventh place to third place; three quarters of world demand is in the top five countries: Germany, Italy, China, the United States, and France.