By Jeff Spross | Climate Progress
This year’s second quarter saw a massive surge in solar panel shipments, with three of the four largest manufacturers outdoing projections by as much as 32 percent, Bloomberg reports. Much of that was due to rising demand in Asia, where China and Japan could soon make up half the global demand for solar — with China in particular planning to double its solar capacity to about 10 gigawatts this year, and increase it by five times by 2015. According to Stefan Linder, an analyst with Bloomberg New Energy Finance (BNEF), that swelling demand should soak up much of the oversupply solar manufacturers were recently struggling under. At the end of July, BNEF reported recovering solar stocks as well.
Related: Obama’s Solar SunShot Could Deliver Big-Time
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