Solar PV Growth in Asia Pacific is Astounding.
2011 saw Asia Pacific adding 6 GW of Solar PV installations. Out of this about 2.8 GW was added in the quarter just ended. On year to year this translates to roughly a growth percentage in the excess of 150%. The three nations which are mainly driving this growth are China, Japan and India in that order. Though presently China is way ahead with roughly 50% of the installations but India might soon catch up. India has launched their one of the most ambitious programs in form of JawaharLal Nehru Solar Mission.
And coupled with some progressive policies of states like Gujarat, the year 2012 could be a boom year for India with about 1 GW capacity additions expected.
Detailed report is available here. Rapidly falling PV prices have made the Solar PV projects viable and coupled with Government push, India could soon be the flavour of all solar PV enthusiasts. Needless to say the growth has be with a bit of caution. In a bid of win more and more of such projects with scant attention to the project dynamics may derail the momentum of solar PV business in India.
Professionals with domain experience in Solar PV need to be nurtured with utmost care. It’s a specialized field would require professionals in both manufacturing and project executions.
