Lux Research reports that solar's emerging markets will grow 400% in the next 5 years
Lux Research // May 08, 2012According to a new report from Lux Research, global demand for solar power will rise exponentially, especially in emerging solar markets like South Asia. The report sees demand rising in South America, Southeast Asia, and Africa especially after 2017. Lux reports on their methodology:
Analysts size the market by applying the model and methodology used in the Lux Research Solar Demand Forecaster. The report’s conclusions derive from a levelized cost of energy (LCOE) analysis of 156 separate geographies, accounting for 82% of the world’s population, calculating internal rates of return, to determine the viability and competitiveness of solar in each market.