2011 Global Solar Demand to Hit 17 GW, 20.3 GW in 2012

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By Ardour Capital On December 1, the House Select Committee on Energy Independence and Global Warming announced it will no longer exist when the next congressional session begins. The committee, which was established by Democrats in 2007 to study energy and climate issues, held over 50 sessions regarding environmental legislation. Global Solar Demand in 2011 Based on solar installations year-to-date and changes to feed-in tariff (FIT) programs made or announced in the major PV markets, we are raising our estimates for 2010 and 2011. We believe global demand will continue to grow steadily in 2011, but well below the pace of 2010. Germany will still be the main player, but several countries (such as Italy, the US, and Japan) will be gigawatt markets next year. We increase our 2011 global installation forecast to 17 GW, and introduce our 2012 estimate of 20.3 GW. Europe is on track to double installations in 2010; demand should be flat in 2011. The North American market will more than double in 2011. Geographic diversification will come from Asia and several new markets. Given our 2011 growth projections and compelling valuations, we see attractive entry points for these solar stocks: First Solar (NASDAQ: FSLR), Trina […]

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