ReNew Economy has an article on a new report on the solar power industry by Deutsche Bank - Deutsche Bank predicts second solar “gold-rush”.
Leading investment house Deutsche Bank has dramatically lifted its demand forecasts for the global solar industry – predicting that 46 gigawatts (GW) of solar PV will be installed across the world in 2014, before jumping by another 25 per cent to 56GW in 2015. It notes that the world’s three biggest solar markets – co-incidentally located in the world’s three biggest economies, US, China and Japan – are currently booming and are likely to deliver what market analysts describe as more “upside demand surprises.”
But it also points to other countries such as India, Australia, South Africa, Mexico, as well as regions in the Middle East, South America and South East Asia, to act as strong growth contributors. “The majority of these markets are at grid parity and as such sustainable,” the analysts write. “Moreover, we believe some of the grid and financing constraints that have inhibited growth so far are set to improve in 2014.”