 On 9th April, the German Federal Network Agency finally released its December figures for new PV installations confirming IMS Research¡¯s earlier predictions that the German market grew massively in 2009 to reach 3.8 GW, and in fact the global PV market saw double-digit growth.
PV Research Director, Ash Sharma commented, ¡°An incredible 1.5 GW of new capacity was installed in Germany in December. This was earlier predicted by IMS Research which measured inverter shipments at 3.5 GW in Q4¡¯09, and also predicted that the global PV market grew by 25% to exceed 7 GW.¡±
Despite the upcoming cut to Germany¡¯s FiT, IMS Research still forecasts the global PV market will grow in 2010, up to 10 GW in terms of new installations with strong demand coming from manydifferent countries.
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