Rapid fall in PV module prices will drive strong demand

30/06/2011 10:45 Renewable

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A rapid fall in PV modules prices will be a primordial factor in demand recovery in the second half of the year; this is after a sharp drop in early 2011 because of new amendments in the incentivable systems across Europe. However, a fast growth in the first half of the 2011 placed the market in a good environment as to appoint a strong demand recovery in the second half of the year.

According to the senior PV market analyst at IMS Research, Sam Wilkinson, modules prices dropped in the first half of this year, after two years of a rapid development. Some modules from worldwide known brands were offered for less than 1.45 dollars per W (1.02 euros). In the third and fourth quarter of the year, PV module shipments will increase significantly by an average of 30%, encouraged by high demand from Germany and other fast growing markets, and reach over 23 GW of PV module shipments for the current year. Strong demand will equilibrate prices in the second half of the year.

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