solar-market.html?cmpid=EnlEIQDailyJanuary62012
Analyst: Portugal's still a hot solar market
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By James Montgomery
News Editor
January 5, 2011 - Everyone's looking for those promising future markets for
solar energy development, given Germany's star gradually losing some of its
luster and various markets undergoing policy shifts. But Europe still offers
the best bet for solar, and a couple of countries in particular, says Lux
Research, updating its quarterly Solar Demand Forecaster.
Also making a good showing: Asian markets, with high IRRs in Malaysia
(24.1%), Philippines (22.6%), and Japan (20.9%), promising to attract more
demand into in 2012-2013.
Portugal
Cyprus
Hawaii
Greece
Israel
Top five locations by IRR, 1Q12. (Source: Lux Research)
Overall the broader European market is still fairly consistent, held in
check by its macroeconomic questions and individual countries' ability to
pay out incentives, explained Matt Feinstein, who led the Lux forecast.
Portugal still tops the list (it ranked #2 three months ago behind New
Jersey) as one of the best IRRs; also scoring well are Cypress and Greece,
pending the aforementioned financial woes.
Lux arrived at its top IRR locations by cataloguing subsidies, electricity
rates and consumption data, and projected pricing for panels/systems for all
50 US states, 31 Chinese provinces and semiautonomous regions, and 75
countries/regions globally. Those were run through a LCOE model to identify
best IRRs, lowest LCOEs, and where solar power is closest to grid parity
(i.e. retail and wholesale electricity prices).
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