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China Drives Record Solar Growth Becoming Biggest Market

Mar 8, 2013

The $77 billion solar-energy industry is forecast to expand the most since 2011, as Chinabecomes the biggest market for the first time and drives annual global installations to a record.

New generation capacity will rise about 14 percent this year to 34.1 gigawatts, equal to about eight atomic reactors, according to the average estimate of seven analysts surveyed by Bloomberg. That would beat the 4.4 percent growth in 2012, when demand shrank in Italy andFrance after subsidies were cut.