Latin America Leads Manufacturing Capacity Growth With capital expenditures for the photovoltaic (PV) industry set to bounce back in 2014, a new round of solar spending will commence that will reach $3.8 billion by year-end, according to IHS Technology (NYSE: IHS). PV capital spending has been rising notably over the past two quarters, en route to a third straight increase with the …
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Emerging Solar Markets Set for Rapid Installation Expansion Through 2017
The next big opportunity for growth in the global solar business lies in small, emerging markets where photovoltaic (PV) installations are forecast to rise at about triple the global average during the period from 2012 through 2017. Annual installations in these emerging countries are expected to increase to 10.9 gigawatts (GW) in 2017, expanding at a compound annual growth rate …
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