According to the Joint Research Center of the European Commission (JRC), investment in solar photovoltaic technology will double, from 350 to 40 billion euros in 2010 to 70 billion euros in 2015.
The report on the photovoltaic status of the Joint Research Center also shows that in 2010, the solar photovoltaic output reached 23.5 GW, and the newly installed solar photovoltaic system in Europe is expected to reach 17-19 GW.
At the end of 2010, the cumulative production of solar photovoltaics in Europe was 29 GW, and European solar photovoltaic installations provided 70% of solar photovoltaic power generation worldwide.
However, solar photovoltaic industry manufacturing is increasingly turning to China, Taiwan, Germany and Japan.
Price drop The price of solar PV modules has fallen by almost 50% in the past three months. At present, due to the shift of solar PV modules from supply to demand, their prices will continue to fall.
The drop in the price of solar PV modules combined with the introduction of support for solar photovoltaic mechanical devices by more countries and increasing energy prices will all contribute to the high development of the solar PV industry over the long term.
However, in order to maintain this growth trend, JRC said that the solar photovoltaic industry needs to reduce the consumption of silicon for each cell. At the same time, it should increase the thin film photovoltaic manufacturing industry and accelerate the introduction of concentrated photovoltaic technology.
The report on the photovoltaic status of the Joint Research Center also shows that in 2010, the solar photovoltaic output reached 23.5 GW, and the newly installed solar photovoltaic system in Europe is expected to reach 17-19 GW.
At the end of 2010, the cumulative production of solar photovoltaics in Europe was 29 GW, and European solar photovoltaic installations provided 70% of solar photovoltaic power generation worldwide.
However, solar photovoltaic industry manufacturing is increasingly turning to China, Taiwan, Germany and Japan.
Price drop The price of solar PV modules has fallen by almost 50% in the past three months. At present, due to the shift of solar PV modules from supply to demand, their prices will continue to fall.
The drop in the price of solar PV modules combined with the introduction of support for solar photovoltaic mechanical devices by more countries and increasing energy prices will all contribute to the high development of the solar PV industry over the long term.
However, in order to maintain this growth trend, JRC said that the solar photovoltaic industry needs to reduce the consumption of silicon for each cell. At the same time, it should increase the thin film photovoltaic manufacturing industry and accelerate the introduction of concentrated photovoltaic technology.
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