Second in the PV growth ranking was Italy with 0.73 GW (cumulative 1.2 GW), followed by Japan: 0.48 GW (2.6 GW), the US: 0.46 GW (1.65 GW), the Czech Republic: 0.41 GW (0.46 GW) and Belgium: 0.3 GW (0.36 GW).
However, the PV market is still incipient. In the EU, only 0.4% of total supplied electricity came from PV in 2009. In the world, this percentage is a mere 0.1%.
Production of PV cells
When it comes to the production of PV cells, the report estimates that this has increased worldwide to 11.5 GW in 2009 (56% up from 2008). In the EU, it remained at 2 GW (1.9 GW in 2008).
Leaders in this field were China with 4.4 GW in 2009 as compared to 2.4 GW in 2008, Taiwan (1.6 GW and 0.8 GW respectively) and Malaysia, whose production grew from 0.16 GW to 0.72 GW.
A significant number of players announced a reduction or cancellation of their plans to expand PV production worldwide in 2008 and 2009. Nevertheless, the shortfall appears to have been compensated, even exceeded, by new entrants into the field notably large semiconductor or energy-related companies.
Dramatic price reduction in solar modules
A special feature shown in 2009 is the fact that changes in the market - which has moved from a supply- to a demand-driven logic - and the resulting over capacity for solar modules have caused a dramatic price reduction of almost 50% over 2 years, with an average selling price of less than 1.5 per Watt.
Other key findings of the report
|Contact: Elena Gonzalez Verdesoto|
European Commission Joint Research Centre