1 Table of Contents 2
1.1 List of Tables 12
1.2 List of Figures 15
2 Introduction 16
2.1 What is This Report About? 16
2.2 How to Use This Report? 16
2.3 Market Definition 16
3 Solar Photovoltaic (PV), Executive Summary 17
4 Global Solar Photovoltaic (PV) Power Market 20
4.1 Global Solar PV Power Market, Overview 20
4.2 Global Solar PV Power Market, Impact of Financial Crisis 20
4.3 Global Solar PV Power Market Size and Growth, 2001-20 22
4.4 Global Solar PV Power Market, Top Countries, 2008 22
4.5 Global Solar PV Power Market, Top Countries, 2008 vs 2020 23
5 Solar Photovoltaic (PV) Regional Market Trends 25
5.1 Solar Photovoltaic (PV) Market in Europe 25
5.2 Solar Photovoltaic (PV) Market in Asia-Pacific 49
5.3 Solar Photovoltaic (PV) Market in North America 60
5.4 Solar Photovoltaic (PV) Market in Central and South America 75
5.5 Solar PV in Africa and Middle East 80
6 Solar Photovoltaic (PV), Technology and R&D Trends 82
6.1 Solar PV, Technology Analysis 82
6.2 Solar PV, Key R&D Analysis 83
7 Solar Photovoltaic (PV), Cost Analysis 88
7.1 Solar PV, Cost Comparison with Other Renewable Technologies 88
8 Solar Photovoltaic (PV), Key Drivers For Development 90
8.1 Environmental and Climate Change Concerns 90
8.2 Increasing Need for Secure Supply of Power 91
8.3 Supportive Policy and Regulatory Framework 92
9 Solar Photovoltaic (PV), Key Restraints For Growth 94
9.1 High Cost of Manufacturing Solar-electric Power Components 94
9.2 Inadequate Manufacturing Infrastructure to Increase Throughput and Yield 94
9.3 Need for Continuous Research and Development Efforts 94
9.4 Insufficient Development of Balance of Systems (BOS) 94
9.5 Institutional Barriers 94
10 Suntech Power Holdings Co., Ltd., Company Snapshot 96
10.1 Key Information 96
10.2 Company Overview 96
10.3 Financial Performance 96
10.4 SWOT Snapshot 96
10.5 Business Description 97
10.6 Major Products and Services 98
10.7 History 99
10.8 Business Strategy 101
10.9 SWOT Analysis 102
10.10 Competitors 107
10.11 Revenue Analysis 107
10.12 Share Holding Structure 109
10.13 Key Employees 109
10.14 Key Employee Biographies 110
10.15 Company Statement 111
10.16 Locations and Subsidiaries 114
11 Renewable Energy Corporation ASA, Company Snapshot 116
11.1 Key Information 116
11.2 Company Overview 116
11.3 Financial Performance 116
11.4 SWOT Snapshot 116
11.5 Business Description 116
11.6 Major Products and Services 120
11.7 History 120
11.8 Business Strategy 122
11.9 SWOT Analysis 123
11.10 Competitors 127
11.11 Revenue Analysis 128
11.12 Share Holding Structure 130
11.13 Key Employees 131
11.14 Key Employee Biographies 132
11.15 Company Statement 133
11.16 Locations and Subsidiaries 135
12 `SolarWorld AG, Company Snapshot 137
12.1 Key Information 137
12.2 Company Overview 137
12.3 Financial Performance 137
12.4 SWOT Snapshot 137
12.5 Business Description 138
12.6 Major Products and Services 143
12.7 History 144
12.8 Business Strategy 146
12.9 SWOT Analysis 148
12.10 Competitors 152
12.11 Revenue Analysis 152
12.12 Share Holding Structure 153
12.13 Key Employees 154
12.14 Key Employee Biographies 154
12.15 Company Statement 156
12.16 Locations and Subsidiaries 157
13 Evergreen Solar, Inc. Company Snapshot 158
13.1 Key Information 158
13.2 Company Overview 158
13.3 Financial Performance 158
13.4 SWOT Snapshot 158
13.5 Business Description 159
13.6 Major Products and Services 160
13.7 History 160
13.8 Business Strategy 162
13.9 SWOT Analysis 163
13.10 Competitors 167
13.11 Revenue Analysis 167
13.12 Share Holding Structure 168
13.13 Key Employees 169
13.14 Key Employee Biographies 169
13.15 Company Statement 170
13.16 Locations and Subsidiaries 173
14 Q-Cells AG, Company Snapshot 174
14.1 Key Information 174
14.2 Company Overview 174
14.3 Financial Performance 174
14.4 SWOT Snapshot 174
14.5 Business Description 175
14.6 Major Products and Services 177
14.7 History 177
14.8 Business Strategy 178
14.9 SWOT Analysis 180
14.10 Competitors 184
14.11 Revenue Analysis 184
14.12 Share Holding Structure 186
14.13 Key Employees 186
14.14 Key Employee Biographies 187
14.15 Company Statement 188
14.16 Locations and Subsidiaries 193
15 SunPower Corporation, Company Snapshot 194
15.1 Key Information 194
15.2 Company Overview 194
15.3 Financial Performance 194
15.4 SWOT Snapshot 194
15.5 Business Description 195
15.6 Major Products and Services 198
15.7 History 199
15.8 Business Strategy 201
15.9 SWOT Analysis 202
15.10 Competitors 206
15.11 Revenue Analysis 207
15.12 Share Holding Structure 209
15.13 Key Employees 210
15.14 Key Employee Biographies 210
15.15 Company Statement 212
15.16 Locations and Subsidiaries 216
16 Sunways AG, Company Snapshot 218
16.1 Key Information 218
16.2 Company Overview 218
16.3 Financial Performance 218
16.4 SWOT Snapshot 218
16.5 Business Description 218
16.6 Major Products and Services 221
16.7 History 221
16.8 Business Strategy 223
16.9 SWOT Analysis 224
16.10 Competitors 228
16.11 Revenue Analysis 228
16.12 Key Employees 230
16.13 Key Employee Biographies 230
16.14 Company Statement 231
16.15 Locations and Subsidiaries 233
17 Trina Solar Limited, Company Snapshot 234
17.1 Key Information 234
17.2 Company Overview 234
17.3 Financial Performance 234
17.4 SWOT Snapshot 234
17.5 Business Description 235
17.6 Major Products and Services 237
17.7 History 237
17.8 Business Strategy 239
17.9 SWOT Analysis 240
17.10 Competitors 244
17.11 Revenue Analysis 244
17.12 Share Holding Structure 246
17.13 Key Employees 246
17.14 Key Employee Biographies 247
17.15 Locations and Subsidiaries 248
18 Solon AG fuer Solartechnik, Company Snapshot 249
18.1 Key Information 249
18.2 Company Overview 249
18.3 Financial Performance 249
18.4 SWOT Snapshot 249
18.5 Business Description 250
18.6 Major Products and Services 252
18.7 History 253
18.8 Business Strategy 255
18.9 SWOT Analysis 256
18.10 Competitors 259
18.11 Revenue Analysis 259
18.12 Share Holding Structure 261
18.13 Key Employees 261
18.14 Key Employee Biographies 261
18.15 Company Statement 262
18.16 Locations and Subsidiaries 263
19 Ersol Solar Energy AG, Company Snapshot 265
19.1 Key Information 265
19.2 Company Overview 265
19.3 Financial Performance 265
19.4 SWOT Snapshot 265
19.5 Business Description 265
19.6 Major Products and Services 271
19.7 History 272
19.8 Business Strategy 274
19.9 SWOT Analysis 277
19.10 Competitors 281
19.11 Revenue Analysis 281
19.12 Share Holding Structure 283
19.13 Key Employees 284
19.14 Key Employee Biographies 284
19.15 Company Statement 285
19.16 Locations and Subsidiaries 287
20 Solar PV Industry, Deals Summary 288
20.1 Solar PV Industry, Deal Value versus Volume Analysis, July - December, 2008 288
20.2 Solar PV Industry, Top Deals, December 2008 289
20.3 Solar PV Industry, Transactions by Deal Type, July - December, 2008 290
20.4 Contribution of Private Equity / Venture Capital towards Solar PV 290
20.5 Solar PV Industry, Top PE Deals, July - December 2008 291
20.6 Solar PV Industry, Top VC Deals, July - December 2008 292
20.7 Solar PV Industry, M&A Deals, July - December, 2008 293
20.8 Solar PV Industry, Top M&A Deals, July - December 2008 293
20.9 Solar PV Industry, Equity Offering Summary, July - December, 2008 295
20.10 Solar PV Industry, Top Equity Offerings, April- September 2008 295
20.11 Solar PV Industry, Debt Offerings Summary, July - December, 2008 296
20.12 Solar PV Industry, Top Debt Offering, July - December 2008 297
20.13 Solar PV Industry, Deal Summary by Geography 298
20.14 Solar PV Industry, European Region Deals, July - December, 2008 299
20.15 Solar PV Industry, Asia-Pacific Region Deals, July - December, 2008 300
21 Financial Deals Landscape 301
21.1 Detailed Deal Summary 301
22 Recent Developments 331
22.1 New Projects 331
22.2 New Contracts 338
22.3 Strategy and Business Planning 346
22.4 Government and Public Interest 351
22.5 Other Significant Developments 360
23 Appendix 363
23.1 Methodology 363
23.2 Contact Us 365
23.3 Disclaimer 365

1.1 List of Tables
Table 1: Germany, Payment Structure for Different Types of PV Installations, 2004 40
Table 2: Germany, Feed-in-Tariff, € / KWh, 2008-09 40
Table 3: Spain, Feed-in-Tariffs, € / kWh, 2007-08 47
Table 4: Spain, New Feed-in-Tariff, € / kWh, 2009 48
Table 5: Spain, Tax Rebate, By Year, 2008-10 49
Table 6: Spain, Solar PV Support Measures, 2008 50
Table 7: Italy, RPS, Minimum Obligation Quota per Fiscal year 51
Table 8: Italy, Green Power Certificates, by Renewable Energy Source Co-efficient factor 52
Table 9: Italy, Feed-in-Tariff, € / KWh, 2007-08 53
Table 10: Italy, Solar PV Support Measures, 2008 55
Table 11: Global, Status of Renewable Technologies – Characteristics and Cost 94
Table 12: Global, Expected PV Generation Costs Across Major Cities in the World, €, 2006-30 95
Table 13: Suntech Power Holdings Co., Ltd.,Key Facts, 2007 102
Table 14: Suntech Power Holdings Co., Ltd., SWOT Analysis , 2007 108
Table 15: Suntech Power Holdings Co., Ltd., Revenue by Segment, USD Absolute, 2003-2007 113
Table 16: Suntech Power Holdings Co., Ltd., Revenue by Geography, USD Absolute, 2003-2007 114
Table 17: Suntech Power Holdings Co., Ltd., Share Holding Structure 115
Table 18: Suntech Power Holdings Co., Ltd., Key Employees, 2007 115
Table 19: Suntech Power Holdings Co., Ltd., Other Locations 121
Table 20: Suntech Power Holdings Co., Ltd., Subsidiaries 121
Table 21: Renewable Energy Corporation ASA,Key Facts, 2007 122
Table 22: Renewable Energy Corporation ASA, SWOT Analysis , 2007 130
Table 23: Renewable Energy Corporation ASA, Revenue by Segment, Norwegian Krone Thousand, 2003-2007 135
Table 24: Renewable Energy Corporation ASA, Revenue by Geography, Norwegian Krone Thousand, 2003-2007 136
Table 25: Renewable Energy Corporation ASA, Share Holding Structure 136
Table 26: Renewable Energy Corporation ASA, Key Employees, 2007 137
Table 27: Renewable Energy Corporation ASA, Subsidiaries 142
Table 28: SolarWorld AG,Key Facts, 2007 143
Table 29: SolarWorld AG, SWOT Analysis , 2007 154
Table 30: SolarWorld AG, Revenue by Segment, Euro Thousand, 2003-2007 158
Table 31: SolarWorld AG, Revenue by Geography, Euro Thousand, 2003-2007 159
Table 32: SolarWorld AG, Share Holding Structure 159
Table 33: SolarWorld AG, Key Employees, 2007 160
Table 34: Evergreen Solar, Inc.,Key Facts, 2007 164
Table 35: Evergreen Solar, Inc., SWOT Analysis , 2007 169
Table 36: Evergreen Solar, Inc., Revenue by Segment, USD Thousand, 2003-2007 173
Table 37: Evergreen Solar, Inc., Revenue by Geography, USD Thousand, 2003-2007 174
Table 38: Evergreen Solar, Inc., Share Holding Structure 174
Table 39: Evergreen Solar, Inc., Key Employees, 2007 175
Table 40: Evergreen Solar, Inc., Other Locations 179
Table 41: Q-Cells AG,Key Facts, 2007 180
Table 42: Q-Cells AG, SWOT Analysis , 2007 186
Table 43: Q-Cells AG, Revenue by Segment, Euro Million, 2003-2007 191
Table 44: Q-Cells AG, Revenue by Geography, Euro Million, 2003-2007 192
Table 45: Q-Cells AG, Share Holding Structure 192
Table 46: Q-Cells AG, Key Employees, 2007 192
Table 47: Q-Cells AG, Other Locations 199
Table 48: SunPower Corporation,Key Facts, 2007 200
Table 49: SunPower Corporation, SWOT Analysis , 2007 208
Table 50: SunPower Corporation, Revenue by Segment, USD Thousand, 2003-2007 214
Table 51: SunPower Corporation, Revenue by Geography, USD Thousand, 2003-2007 214
Table 52: SunPower Corporation, Share Holding Structure 215
Table 53: SunPower Corporation, Key Employees, 2007 216
Table 54: SunPower Corporation, Other Locations 223
Table 55: Sunways AG,Key Facts, 2007 224
Table 56: Sunways AG, SWOT Analysis , 2007 230
Table 57: Sunways AG, Revenue by Segment, Euro Thousand, 2003-2007 234
Table 58: Sunways AG, Revenue by Geography, Euro Thousand, 2003-2007 235
Table 59: Sunways AG, Key Employees, 2007 236
Table 60: Trina Solar Limited,Key Facts, 2007 240
Table 61: Trina Solar Limited, SWOT Analysis , 2007 246
Table 62: Trina Solar Limited, Revenue by Segment, USD Absolute, 2003-2007 251
Table 63: Trina Solar Limited, Revenue by Geography, USD Absolute, 2003-2007 251
Table 64: Trina Solar Limited, Share Holding Structure 252
Table 65: Trina Solar Limited, Key Employees, 2007 252
Table 66: Trina Solar Limited, Other Locations 254
Table 67: Solon AG fuer Solartechnik,Key Facts, 2007 255
Table 68: Solon AG fuer Solartechnik, SWOT Analysis , 2007 262
Table 69: Solon AG fuer Solartechnik, Revenue by Segment, Euro Thousand, 2003-2007 266
Table 70: Solon AG fuer Solartechnik, Revenue by Geography, Euro Thousand, 2003-2007 266
Table 71: Solon AG fuer Solartechnik, Share Holding Structure 267
Table 72: Solon AG fuer Solartechnik, Key Employees, 2007 267
Table 73: Solon AG fuer Solartechnik, Other Locations 270
Table 74: Solon AG fuer Solartechnik, Subsidiaries 270
Table 75: ersol Solar Energy AG,Key Facts, 2007 271
Table 76: ersol Solar Energy AG, SWOT Analysis , 2007 283
Table 77: ersol Solar Energy AG, Revenue by Segment, Euro Thousand, 2003-2007 288
Table 78: ersol Solar Energy AG, Revenue by Geography, Euro Thousand, 2003-2007 289
Table 79: ersol Solar Energy AG, Share Holding Structure 289
Table 80: ersol Solar Energy AG, Key Employees, 2007 290
Table 81: ersol Solar Energy AG, Subsidiaries 293
Table 82: Constellation Energy And MidAmerican Energy Terminate Merger Agreement 307
Table 83: Tenaska Solar Completes Equity Investment In Soltage 308
Table 84: Environmental Technologies To Acquire Atlantic Wind & Solar 309
Table 85: Water Capital Completes Acquisition Of Schneider Power 309
Table 86: Soham Renewable Energy Plans To Raise $26.17 Million 310
Table 87: Hudson Clean Energy Partners Acquires Helium Energy 311
Table 88: Demeter, SORIDEC And IRPAC Invest In JMB Energie 312
Table 89: Nanosolar Secures $300 Million In Equity Financing 313
Table 90: Enel Green Power Plans For IPO 314
Table 91: General Electric Announces Public Offering Of $12,000 Million 315
Table 92: General Electric Announces Private Placement Of $3,000 Million 316
Table 93: EDF Energies Nouvelles Completes Offering Of $733.8 Million 317
Table 94: GreenHunter Energy Completes $3.2 Million Private Placement 318
Table 95: The Tokyo Electric Power Company Announces Bond Offering Of $324.11 Million 319
Table 96: FPL Group Completes Debt Offering Of $450 Million 320
Table 97: Shell Completes Senior Notes Offering Of $2,750 Million 321
Table 98: Tokyo Electric Power Completes $523.88 Million Of Bond Offering 322
Table 99: The Tokyo Electric Power Company Completes Public Offering Of $310.56 Million 323
Table 100: RWE Completes Public Offering Of $1,270.01 Million 324
Table 101: RWE Completes Public Offering Of $1,270.01 Million 325
Table 102: Fred. Olsen Completes Debt Offering Of $479 Million 326
Table 103: BP Completes Senior Notes Offering Of $8,000 Million 327
Table 104: The Tokyo Electric Power Company Completes Public Offering Of $489.78 Million 328
Table 105: The Tokyo Electric Power Company Completes Public Offering Of $552.41 Million 329
Table 106: Total Capital Prices Debt Offerig Of $150 Million 330
Table 107: Clear Skies Solar Enters Into Partnership With Prayag Green Solar 331
Table 108: Lakeland Electric And SunEdison Sign Agreement 332
Table 109: Portland General Electric Forms Joint Venture With U.S. Bank 333
Table 110: Progress Energy Enters Into Partnership With SunEdison 334
Table 111: Fotowatio Acquires 4 Solar photovoltaic Power Plants In Spain 335
Table 112: FCC Acquires Two Photovoltaic Systems In Cordoba 336

1.2 List of Figures
Figure 1: Global, Cumulative and Annual Solar PV Installed Capacity, MW, 2001-20 28
Figure 2: Global, Cumulative and Annual Solar PV Installed Capacity Top Countries, MW, 2008 29
Figure 3: Global, Cumulative Solar PV Installed Capacity Top Countries, %, 2008 vs 2020 30
Figure 4: Europe, Cumulative and Annual Solar PV Installed Capacity, MW, 2001-20 31
Figure 5: Europe, Top Countries, Share in the Total Cumulative Solar PV Installed Capacity of the Region, %, 2008 vs 2020 32
Figure 6: Germany, Cumulative and Annual Solar PV Installed Capacity, MW, 2001-20 35
Figure 7: Spain, Cumulative and Annual Solar PV Installed Capacity, MW, 2001-20 44
Figure 8: Italy, Cumulative and Annual Solar PV Installed Capacity, MW, 2001-20 50
Figure 9: Asia-Pacific, Cumulative and Annual Solar PV Installed Capacity, MW, 2001-20 56
Figure 10: Asia-Pacific, Top Countries, Share in the Total Solar PV Installed Capacity in the Region, %, 2008 vs 2020 57
Figure 11: Japan, Cumulative and Annual Solar PV Installed Capacity, MW, 2001-20 58
Figure 12: China, Cumulative and Annual Solar PV Installed Capacity, MW, 2001-20 62
Figure 13: Australia, Cumulative and Annual Solar PV Installed Capacity, MW, 2001-20 64
Figure 14: North America, Cumulative and Annual Solar PV Installed Capacity, MW, 2001-20 66
Figure 15: North America, Top Countries, Share in the Total Solar PV Installed Capacity in the Region, %, 2008 67
Figure 16: The US, Cumulative and Annual Solar PV Installed Capacity, MW, 2001-20 69
Figure 17: Canada, Cumulative and Annual Solar PV Installed Capacity, MW, 2001-20 77
Figure 18: Mexico, Cumulative and Annual Solar PV Installed Capacity, MW, 2001-20 79
Figure 19: Central and South America, Cumulative and Annual Solar PV Installed Capacity, MW, 2001-20 81
Figure 20: Central and South America, Top Countries, Share in the Total Solar PV Installed Capacity in the Region, %, 2008 82
Figure 21: Brazil, Cumulative and Annual Solar PV Installed Capacity, MW, 2001-20 83
Figure 22: Argentina, Cumulative and Annual Solar PV Installed Capacity, MW, 2001-20 85
Figure 23: Africa, Regional Market Share for Solar PV, 2008 87
Figure 24: Global, World CO2 Emissions, Million Metric Tons, 1970-2008 96
Figure 25: Global, World Projected Energy Demand, Mtoe, 1980-2030 97
Figure 26: Solar PV Industry, Deal Value and Volume, July - December, 2008 294
Figure 27: Solar PV Industry, Deal Value and Volume, July - December, 2008 296
Figure 28: Solar PV Industry, Private Equity and Venture Capital, Deal Value and Volume, July - December, 2008 297
Figure 29: Solar PV Industry, M&A Transactions, Deal Value and Volume, July - December, 2008 299
Figure 30: Solar PV Industry, Equity Transactions,, Deal Value and Volume, July - December, 2008 301
Figure 31: Solar PV Industry, Debt Transactions,, Deal Value and Volume, July - December, 2008 302
Figure 32: Solar PV Industry, North America Region Deals, Deal Value and Volume, July - December, 2008 304
Figure 33: Solar PV Industry, European Region Deals, Deal Value and Volume, July - December, 2008 305
Figure 34: Solar PV Industry, Asia-Pacific Region Deals, Deal Value and Volume, July - December, 2008 306
Figure 35: GlobalData Methodology 369