Ontario PV Market to Grow 270% to Reach 455 MW in 2011

By Jon E. Worren, Clear Sky Advisors | March 10, 2011

Source: RenewableEnergyWorld.com

Jon E. Worren, Clear Sky Advisors -- Despite ongoing political and regulatory uncertainty, Ontario's PV market will continue its growth in 2011 and in total we expect there to be 455MW of new installations in 2011, up from 169MW in 2010. Our forecast shows that Ontario's Photovoltaic (PV) market is expected to reach cumulative installations of 2,650 MW by 2015. This includes demand from the Feed-in Tariff (FIT) program, and non-FIT program sources such as the RESOP and the Korean Consortium agreement.

The market forecast is based on in-depth interviews with over 65 key stakeholders and surveys with over 50 installers in the Ontario market - all undertaken between December, 2010 and February, 2011. Our key findings include:

Persistent political and regulatory uncertainty around the political FIT program has caused a number of module and inverter manufacturers to postpone or scale back decisions to invest and hire in the province [Full story]