Photovoltaic power: another record year for Germany

The German PV market reached a capacity of 4,800 MW in the first eight months of 2010, up 327% on the same period of last year.

The announcement was made by IMS Research, a provider of consultancy and research to the electric and electronics industry, which specified that in the first three quarters of the year, Germany accounted for 48% of the global demand of PV panels, up from 40% for the same period in 2009.

Specifically, the study conducted by IMS Research estimated that small commercial systems (up to 100 kW) have contributed with 2,600 MW to this growth, with a 280% increase compared with the first eight months of 2009. Residential systems have grown at a slower rate (+140%), while the growth of large commercial systems was very fast (+500%).

According to the authors of the study, the findings (especially those regarding the second quarter of the year, which by itself provided over 3,000 MW of new photovoltaic capacity), confirm the forecast of a possible 8,000 MW target at the end of 2010, within a global market that could reach 16,000 MW.