European PV markets to decline in 2011 despite PV price decreases

Solarbuzz
Solarbuzz announced a new report which (...) predicts that the aggregate European PV market will contract 14% in 2011 from 2010 levels, and that Italy will replace Germany as the continent's largest market by 2015.(...) The report estimates that crystalline silicon (c-Si) module prices from manufacturers reached record low prices of 0.75 €/Wp in the first half of 2011, as a result of excess inventories spreading upstream.
(...) Solarbuzz notes that the 169% growth of European PV markets in 2010 was driven by Germany, Italy and the Czech Republic, which represented 89% of the continent's demand [and due to] Italy's generous tariff rates, its market share will rise to 39% by 2015.
The report also predicts that over the next five years, the residential segment of European PV markets will double its share, while investor's groups fall, and commerical and agricultural customers remain the largest market segment.