World-wide solar installations advanced by 20% in the second quarter of 2013.
PV Tech noted a recent study from IHS which said second quarter installations reached 8.5 GW, compared to first quarter results of 7.1 GW.
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Increased margins, and prices, along with strong end markets provided underlying support, IHS said.
“This is the highest revenue since the fourth quarter of 2011 and even exceeded the IHS prediction of US$7.0 billion. As we had anticipated at the end of last year, the second quarter of 2013 marked the turnaround of global module markets,” said IHS principal solar analyst Stefan de Haan.
The IHS report came out at the same time as strong US second quarter numbers were released last week. US Solar Insights Report pointed to 832 MW of new solar PV installations, the second best on record. However, dropping business installations (declining by 11% last quarter) and policy concerns at various state levels dimmed some of the good news. Depending on various global macro-economic, policy, and regulatory matters, third quarter numbers (July until September) will likely give a glimpse on the overall 2013 picture.
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