NPD Solarbuzz released a new report that said the Asia Pacific (APAC) region will account for 50% of all new solar PV demand in 2014. Almost 95% of new solar PV capacity in the area will come from just five countries: China, Japan, India, Australia, and Thailand.
APAC countries are forecast to install more than 23 GW of solar PV in 2014, setting a new record for solar PV installed annually within any region. This record PV level represents more than the entire global PV industry installed in 2010, and it is even greater than the 19.2 GW installed in Europe in 2011, when Germany and Italy were the leading global solar-PV countries.The record level of solar PV demand from the APAC region during 2014 will represent 35% annual growth, compared to 2013, when more than 18 GW of new solar PV is expected to be installed. Demand from the region this year is dominated by China and Japan, which together account for more than 85% of APAC installations.
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