Worldwide Solar Power Reaches 100 GW Milestone in 2012

As of the end of 2012, the total grid-connected solar PV capacity worldwide reached 100 gigawatts, according to the European Photovoltaic Industry Association (EPIA).

Last year, eight countries added one gigawatt (or more) of PV capacity, and now 13 countries have exceeded one gigawatt of cumulative installations. Almost 17 GW was installed in Europe alone – though that’s down from a record 23 GW in 2011 – with the top markets being Germany, Italy and France. Outside of Europe, China was the top market for installations, followed by the U.S. and Japan.

This 100 GW milestone exceeds expectations, especially given challenges in the industry and tough economic conditions. It amounts to photovoltaics producing as much electricity in a year as 16 coal power plants, and reducing carbon dioxide emissions by 53 million tons.

If you are considering solar power panels for your home or business, the solar power specialists at Oak Electric Service are happy to answer your questions, including inquiries about financing and tax credits for solar installations. We invite you to visit our website at www.oakelectric.com to learn more about us; or give us a call at (800) 964-7070. And be sure to visit our website at www.oakelectric.com for more details on our renewable energy products and services.

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