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Published on September 28th, 2013 | by Adam Johnston

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Global Solar Installations Advanced 20% In 2013 2nd Quarter

September 28th, 2013 by  


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.

Image Credit: Solar Panels via Shutterstock

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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About the Author

is expected to complete the Professional Development Certificate in Renewable Energy from the University of Toronto by December 2017. Adam recently completed his Social Media Certificate from Algonquin College Continuing & Online Learning. Adam also graduated from the University of Winnipeg with a three-year B.A. combined major in Economics and Rhetoric, Writing & Communications in 2011. Adam owns a part-time tax preparation business. He also recently started up Salay Consulting and Social Media services, a part-time business which provides cleantech writing, analysis, and social media services. His eventual goal is to be a cleantech policy analyst. You can follow him on Twitter @adamjohnstonwpg or check out his business www.salayconsultiing.com.



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