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The demand for photovoltaic power generation in the German market is not stable this quarter. This is mainly due to the uncertainty of the adjustment of German PV policy. Germany plans to announce the latest PV policy in July this year or January next year. At present, Germany's photovoltaic power generation this year is expected to reach 8GW, although it is estimated that there may be some decline in Q3 demand.
“Despite the uncertainties in national policies, the economic environment and the supply of inverters are full of challenges, the photovoltaic industry once again shows that consumers want to see supportive government policies,†said Crabu Stevens, president of Solarbuzz. “Photovoltaic market demand The growth is a direct response to the lower manufacturing costs of photovoltaic panels, with the result that PV modules and inverters are just just right to meet market demand."
According to preliminary data, this year's Q1 global PV industry revenue fell 40%, just over $12 billion, but still four times that of last year's Q1.
Global photovoltaic power generation will double this year to 15GW
According to the world-renowned solar market research and consulting DE company Solarbuzz, global demand for photovoltaic power generation continues to grow rapidly this year. According to current trends, the installed capacity of photovoltaic power plants is expected to be twice this year, and the power generation will reach 15.2. GW, compared to 7.5 GW last year. The countries with the strongest market growth are Europe, the United States, Japan, and China.