Solar Shipments Surge in Second Quarter as Demand Rises in Asia

Solar shipments in the second quarter from three of the top four panel producers exceeded projections by as much as 32 percent as demand surged in Asia. Canadian Solar Inc. (CSIQ) shipped 455 megawatts in the second quarter, beating a May forecast of 380 megawatts to 420 megawatts, the Guelph, Ontario-based company said in a statement yesterday. Yingli Green Energy Holding Co. (YGE), the largest panel maker, and Trina Solar Ltd. (TSL) also surpassed their own projections, according to preliminary statements. Canadian Solar’s shipments to Japan almost doubled from the first quarter as the country shifts to renewable energy after closing nuclear power plants. Japan and China will be the top two solar markets this year, according to Stefan Linder, a New York-based analyst with Bloomberg New Energy Finance.
“In 2013, Asia should make up about half of global solar demand, up from just a quarter last year,” Linder said in an e-mail. “Chinese manufacturers are still suffering with global oversupply, but the government is looking to create domestic demand to help soak up some of that excess capacity.”

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