Solar business from Korea

A bullish projection from Solarbuzz points to the PV market growing 5% in 2009, reaching 6.37GW, which has been spurred by the significant increase in expected installations in Germany. The market research firm expects German installations to top 3.2GW in 2009, noting that the third quarter demand reached 980MW and is projected to rise to 1680MW in fourth quarter, resulting in an increase of 71.4%. "The continuation of uninterrupted PV market growth year on year hides huge changes in the distribution of country market demand in Europe. Policy adjustment in Spain removed 42% of the global PV market in the fourth quarter of 2008 and it took until the middle of 2009 for the powerful engine of the German market to replace that lost contribution, and to now exceed it," said Craig Stevens, President of Solarbuzz LLC. "This had the effect of massively realigning economics through the PV chain during the past year, while also setting enormous commercial challenges for companies ...