Photovoltaics market hit 5.95 gigawatts in 2008

Global photovoltaic installations reached a total capacity of 5.95 gigawatts in 2008, according to a new report from the California-based energy consultancy Solarbuzz.

That marked an increase of 110 percent over the previous year, the report states.

Europe accounted for most of the world’s photovoltaic market — 82 percent — with Spain’s rapid growth rate of 285 percent pushing previous leader Germany into second place, Solarbuzz says. The US took the third-place spot in photovoltaic installations last year, followed by Korea, Italy and Japan. …

Photovoltaics market hit 5.95 gigawatts in ‘08

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