PRTODAY / NewswireToday Free press release distribution service network

More news: Energy
Written by / Agency / Source: Frost & Sullivan

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Implementation of the REFIT Programme to Unleash Exponential Growth in the South African Photovoltaic Market Declares Frost & Sullivan - Refit and proposed solar park project to Galvanise market growth
Implementation of the REFIT Programme to Unleash Exponential Growth in the South African Photovoltaic Market Declares Frost & Sullivan

 

NewswireToday - /newswire/ - Cape Town, South Africa, 2011/06/15 - Refit and proposed solar park project to Galvanise market growth.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

The photovoltaic (PV) market in South Africa has been growing at a much slower pace than its international counterparts. The market is currently in a waiting phase for the REFIT programme to be implemented. Until this occurs, PV usage in the South African market will be limited primarily to off-grid applications, such as rural electrification, road signage, isolated farms and lodges and telecommunications.

New analysis from Frost & Sullivan (energy.frost.com), The South African Solar Photovoltaic Market, finds that the market earned revenues of $21.6 million in 2010 and estimates this to reach $29.8 million in 2014.

"The price of PV modules is falling amidst rising electricity tariffs," notes Frost & Sullivan's EPS Industry Analyst Dominic Goncalves. "The payback period is decreasing and PV technology is edging closer towards grid parity."

Key growth applications for the PV market in South Africa are currently off-grid applications such as telecommunications, isolated game farms and lodges, rural electrification, navigational buoys, water pumps, and nascent niche markets such as street lighting, billboard illumination and road signage. Currently, interest is arising from the commercial sector, where large corporate companies are installing PV to showcase their green credits.

The PV market in South Africa is reliant on the implementation of the REFIT programme as well as the proposed Upington solar park. Either of these two growth drivers would promote exponential growth for the South African PV market.

PV continues to face significant competition from other renewable energy technologies in South Africa, such as solar water heaters, concentrated solar power (CSP), and wind energy. Proposed feed-in tariffs for CSP and wind are considerably lower than PV, particularly for large-scale PV development.

For small-scale PV, solar water heating proves to be a more attractive economic option during the period 2011-2014. The support that this adjacent technology is receiving from government usurps potential growth from the PV market.

"Solar PV is presently not an attractive economic option for residential applications in South Africa," remarks Goncalves. "Solar water heaters appear a beneficial option for the consumer; currently, they represent a more viable way to reduce electricity bills and thus the strain on the national energy grid, while lessening the impact of carbon emissions."

Although the manufacturing base for PV in South Africa is currently low, manufacturers are able to produce PV modules at prices that are competitive with their European and Asian counterparts. As economies of scale will reduce costs even further, significant opportunities exist for manufacturers to set up PV manufacturing facilities in South Africa.

"Market players are awaiting the potential development of the solar park concept in Upington," concludes Goncalves. "Once this happens, a component manufacturing hub for PV would be set up for mass scale production."

If you are interested in more information on this study, please send an email with your contact details to Samantha James, Corporate Communications, at samantha.james[.]frost.com.

The South African Solar Photovoltaic Market is part of the Energy & Power Growth Partnership Service programme, which also includes research in the following markets: The South African MV and HV Cables Market, The Southern African Renewable Energy Equipment Suppliers and Overview of the South African Electricity Industry (2010 Update). All research included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.

About Frost & Sullivan
Frost & Sullivan (frost.com), the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages 50 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 40 offices on six continents.

The South African Solar Photovoltaic Market / M688

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Frost & Sullivan

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Energy articles,
CATCH Visitors via Your Competitors Announcements!


Implementation of the REFIT Programme to Unleash Exponential Growth in the South African Photovoltaic Market Declares Frost & Sullivan

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

Frost & Sullivan |
Publisher Contact: Samantha James 
+27 21 680 3566 samantha.james[.]frost.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Frost & Sullivan securities in any jurisdiction including any other companies listed or named in this release.

Energy via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Frost & Sullivan / Company Profile


Read Energy Most Recent Related Newswires:

Enel Begins Operations At World’s First Commercial Geothermal-hydro Hybrid Power Plant
Vestas Secures 112 MW for Three Projects in France
ENGIE and Statoil Agree on the Renegotiation of Their Long-term Gas Supply Contracts
ENGIE and AES Andres Leverage Core Strengths to Provide Reliable and Competitive LNG Supply in the Caribbean
Power Costs, Inc. (PCI) and GE Power Collaborate to Link Energy Operations with Energy Trading for End-to-End Machine to Market Software Solutions
GE Oil & Gas Signs Agreement with TAG GmbH to Install New Tuning Maintenance (TUMAS) Software on Entire Fleet of Gas Turbines
ENGIE Announces Two New Major Collaborations to Foster New Innovative Green Gas Production Methods Across Europe
Enel Inaugurates Apiacás Hydropower Complex in Brazil
Steam and Gas Turbine Manufacturers Realign Strategies to Harness Growth Opportunities within Clean Power Generation
Enel Starts Construction of Peru’s Largest Solar PV Plant
GE and Maersk Drilling to Pilot Marine Digital Transformation
SolarWinds to Join the Discussion on Interoperable IT Management for Defense Forces at AFCEA’s TechNet Asia-Pacific 2016
BP and GE Launch New Offshore Digital Technology with Plans to Deploy Globally
GE Digital Acquires ServiceMax to Extend Predix and Analytics Across Field Service Processes
GE Digital Launches Collaborative App Development Program to Expand Digital Industrial Ecosystem

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  La Bella Bakery Artisan Bakery Arizona

Visit  JobsWare.com





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)