World solar PV market doubled to 5.95GW in 2008
World solar photovoltaic (PV) market installations reached a record high of 5.95 gigawatts (GW) in 2008, representing growth of 110% over the previous year, says the annual PV market report issued today by Solarbuzz LLC, a San Francisco-based solar energy consultancy. (...) Europe accounted for 82% of world demand. Spain's 285% growth pushed Germany into second place in the market ranking, while the US advanced to number three. Rapid growth in Korea made it the fourth largest market in 2008, closely followed by Italy and Japan. World solar cell production reached a consolidated figure of 6.85 GW in 2008, up from 3.44 GW a year earlier. China and Taiwan increased their share of global solar cell production to 44% in 2008, rising from 35% in 2007. Meanwhile, thin film production grew 123% to 0.89 GW. Polysilicon supply to the solar industry grew by 127% in megawatt terms, sufficient to substantially ease supply limitations in 2008.