EUROPEAN SOLAR TO BOUNCE BACK IN ‘14

After 18-Month Downturn, European Solar Photovoltaic Demand to Rebound in 2014…European solar PV revival to be driven by Germany, the U.K., Italy, and France

November 6, 2013 (SolarBuzz)

“The European solar photovoltaic (PV) market is poised to recover during the fourth quarter of 2013 (Q4’13), after an 18-month downturn that redefined the role of Europe within the global solar PV industry. Quarterly PV demand from Europe is now set to stabilize at the 2.5 gigawatt (GW) level during the first half of 2014, with moderate growth forecast in the second half…Germany, the U.K., Italy, and France are forecast to drive the European solar PV recovery next year…[with] almost 8 GW… more than 75 percent of the solar PV capacity that will be installed…Solar PV demand from Europe declined significantly during Q3’13…primarily caused by dramatic declines in solar PV demand in Germany and Italy…Year-over-year declines in 2013 are also forecast for Belgium, Bulgaria, Denmark, France, Greece, The Netherlands, Slovenia, and Spain; however, the severity of the European downturn in 2013 has been softened by strong Y/Y growth from the U.K., Romania, and Austria…” click here for more

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