CARPEVIGO - benefit from the power of renewable energy - Solar I financial investment for photovoltaics

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Market environment solar power generation

Photovoltaic solar energy generation is an important option for a safe and clean energy supply against the background of rising energy consumption worldwide. This is being increasingly recognized in countries throughout the world. More than 40 countries are promoting the use of solar energy for the generation of electricity by means of investment incentives and a guaranteed feed back into the national grid.

Global photovoltaic (PV) capacity of new plants reached a volume of 16.6 gigawatts (GW) in 2010, and this rose to 22 gigawatts in 2011. A market volume of 28 gigawatts is expected for 2013. Europe, and in particular Germany, has been the growth driver in the past. For the period up until 2013, sector and financial analysts expect global market growth of 14%. A powerful boost is being provided by North America where a growth of 60% per year is expected.

The most important growth factor is the price for solar modules which has decreased drastically as a result of increased production capacity.