Japan’s Nuclear Crisis Boosts European PV Sales

Author: admin (73 Articles)

In light of the nuclear emergency pending in Japan, one that is being compared to the level 7 Chernobyl accident in Ukraine, many European countries are raising concerns over their own nuclear stability.  Germany even shut down 7 of its oldest reactors and Italy has halted all nuclear plans for the upcoming year, and even plans to incorporate more of the photovoltaic (PV) market into its infrastructure.  However, other countries like France remain cripplingly dependant on nuclear energy and have no immediate plans to change their energy strategy.

Germany and Italy are leading the charge towards the safer PV industry, which could potentially counterbalance the decline in the PV market that is expected in Europe due to lower demand.  Overall, new PV investment is expected to grow this month with an apex in demand approaching this summer.  While some believe growth will stagnate in the 3Q, the industry should wrap up the year stronger than expected as new government parameters will be instituted in 2012.  Click **here** to search your PV needs.