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Germany, China, US Could Install Record Amount of PV in 2012
Dr. Peng Fang, the CEO of vertically integrated solar giant JA Solar Holdings (Nasdaq:JASO), said that China installed approximately 2 gigawatts of PV in 2011 and could see anywhere from 4 gigawatts to 8 gigawatts installed in China in 2012. Consistent with that estimate, Suntech CEO Zhengrong Shi said China could install as much as 5 gigawatts this year during an analyst conference call, as per Bloomberg. One more data point from China: The China Securities Journal quoted Liu Tienan, head of the National Energy Administration (NEA), as saying that China is looking to develop solar photovoltaic projects with a "total installed capacity of 3 gigawatts in 2012."
The United States finished 2011 with over 1.8 gigawatts of PV installed, according to GTM Research Managing Director Shayle Kann. In a sneak peak at 2012 forecasts to be revealed later this week, Kann and his team expect U.S. solar installations to approach 3 gigawatts in 2012.
Add Italy, Japan, and the Rest of the World to the total -- and in the face of headwinds on a number of fronts, this has a chance of being a small growth or flat year for the photovoltaic market. This doesn't suggest that things are rosy on the manufacturing or profitability side -- but demand for solar has not subsided.
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