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National policies will still have a profound impact on the PV market

  • Author:Randy
  • Release on :2014-08-12
According to the "Global Solar Market Report", although the cost of photovoltaic power generation has declined and the solar industry continues to develop, the industry still needs government subsidies.

The report pointed out that within 2020, government policies will still have a far-reaching impact on the PV market, and the total revenue of the solar industry is expected to double. The introduction of the Clean Energy Act and the provision of adequate subsidies are still crucial relative to the renewable energy sector.

According to consulting firm Frost & Sullivan, the potential of solar power has been constrained by the high installation and maintenance costs of photovoltaic systems.

China, Japan, India and Australia are the main drivers of the PV market in the Asia Pacific region. In 2014, the market share of these countries will account for 46% of annual demand. In 2020, the installed capacity of photovoltaics in Germany, France, Spain, Italy and the United Kingdom is expected to reach 75 GW.

Finally, Frost & Sullivan concluded that many people in the industry agree that government incentives should be clear and stable, so developers, investors and customers will not be misled and make the right investment decisions.



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