Feed-in-tariff Schemes Speed Up Solar Power System Deployments in Asia-Pacific, Finds Frost & Sullivan

Feed-in-tariff Schemes Speed Up Solar Power System Deployments in Asia-Pacific, Finds Frost & Sullivan PR Newswire KUALA LUMPUR, Malaysia, Dec. 11, 2012 - Falling solar panel prices to make technology more affordable and sustainable, minimizing dependence on government subsidies KUALA LUMPUR, Malaysia, Dec. 11, 2012 /PRNewswire/ -- Spurred on by favorable government policies and incentives, several Asia-Pacific countries such as Thailand, Indonesia, Japan, the Philippines, and Malaysia have begun to make large-scale investments in solar power projects. The market is also attracting the attention of manufacturers in the U.S. and Europe, which are scouting for newer markets to conduct business in, following the oversupply of solar panels in their domestic markets. New analysis from Frost & Sullivan (http://www.energy.frost.com), Solar Power Markets in Asia-Pacific, finds that the market earned revenues of over US$7.60 billion in 2011 and estimates this to reach US$11.11 billion by 2016. The launch of the feed-in-tariff (FiT) scheme will accelerate solar energy installations in the Asia Pacific. In Japan, FiT is expected to help the solar market grow at 20 percent in 2012, and the country is likely to be the revenue leader in the region throughout the forecast period (2012-2016). "Meanwhile, FiT in Thailand enables people in remote areas to participate in electricity generation from renewable sources," said Frost & Sullivan Research Analyst Subha Krishnan.