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China’s Solar Market Beat All Expectations For 2013 — Installed More Solar Power In 2013 Than USA Ha
http://cleantechnica.com/2014/01/24/chinas-solar-market-beat-expectations-2013/China’s Solar Market Beat All Expectations For 2013 — Installed More Solar Power In 2013 Than USA Has In Its Whole History
Despite predictions all through 2013 suggesting that Japan would walk away the dominant solar PV market, Bloomberg New Energy Finance has revealed that China “outstripped even the most optimistic forecasts” to install a record 12 GW of photovoltaic projects in 2013.
In fact, a massive boom at the end of the year could even have pushed the nation’s market up to 14 GW, a phenomenal feat considering that no country has never added more than 8 GW in a year.
Bloomberg New Energy Finance (BNEF) had predicted that Japan would come out on top in 2013, ahead of China and then the US, but with a feed-in tariff for large PV projects ending on the first of 2014, the year-end rush will not be wholly understood until March.
“The 2013 figures show the astonishing scale of the Chinese market, now the sleeping dragon has awoken” said Jenny Chase, head of solar analysis at Bloomberg New Energy Finance. “PV is becoming ever cheaper and simpler to install, and China’s government has been as surprised as European governments by how quickly it can be deployed in response to incentives.”
