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By 2014 the solar PV manufacturing industry won't have to rely on subsidies to turn a profit, with growth in India, China, and the US boosting demand, according to Deutsche Bank analysts.
Renew Economy reports the Deutsche team said solar PV demand was starting to ramp up with minimal or no incentives, and manufacturers would start to see good profit margins in 2014.
“We see the sector transitioning from subsidised to sustainable markets in 2014,” they said.
Deutsche said the rise of 'grid parity,' where the cost of solar electricity is competitive with grid electricity, was behind rising demand worldwide, and favourable legislation was also boosting the industry.
But despite Deutsche's confidence forecasts for the solar industry remain mixed.
Earlier this year IHS iSuppli said upstream PV suppliers were under extreme pressure, and the tough conditions were set to continue.
“Most upstream PV supply operations will simple cease to exist, rather than being acquired by other companies,” IHS senior PV analyst Mike Sheppard said.
“Most of these suppliers actually have already stopped production – and will never restart.”