The global clean technology market is worth more than US$2.56tr a year, and is expected to become more than US$5.13tr in size by the mid 2020s, growing 12.0% a year since 2007. The economic and financial crisis has not stopped the worldwide expansion of the green tech industry. Germany has a dominant share of the global clean tech market, at 15.0%, and is expected to grow more than any of its competitors.1
Global photovoltaic (PV) installations finished 2012 with discernibly lower growth than in 2011, undercut by softer demand in light of continuing economic uncertainties and a general cooling in solar markets worldwide. Total PV installations in 2012 were around 31.12 gigawatts (GW), up from 27.98 GW in 2011.2
First Solar reduced the average module manufacturing costs on its best lines to US$0.64 per watt (excluding underutilization) in 4Q2012, down from US$0.69 in the 4Q2011. The company surpassed 250 MWAC of grid-connected power at Agua Caliente, making it the world's largest operational solar power plant. First Solar also Surpassed 7 GWDC of cumulative production, enough to provide clean electricity for approximately 3.5 million homes and displace 4.7mn metric tons of CO2 annually.
SunPower Corp sold 579-MW AVSP projects, the largest permitted PV development in the world to MidAmerican Solar. The company also installed over 180MW to date for 250MW CVSR project – 130 MW grid connected.
Trina Solar’s solar module shipments were approximately 1.59MW, compared to the company’s previous guidance between 1.55GW to 1.6GW, an increase of 5.4% from 2011.