Solar stability and emerging markets

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Emerging markets are forecast to help bring stability to ailing solar industry in Europe, with up to 12 GW of new photovoltaic (PV) capacity added in 2017 up from just 1.6 GW in 2012, according to research from IHS.

View the full-size chart. Credit:IHS.

The research found that up to 30 GW of cumulative PV capacity will be added in emerging markets over the next four years, helping to stabilize the industry amidst incentive cuts in core European markets.

Given the uncertainty of emerging solar markets, two scenarios were forecast in the research which predicted that 2.1 to 3.5 GW of new PV capacity will be added in 2013, growing to 2.9 to 12.2 GW in 2017.

The research evaluated number of criteria, including macroeconomic factors, potential market size, project profitability, near-term policy and project pipelines, and found that markets with the most potential could be South Africa, Thailand, Chile, Romania and Brazil.

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