In the U.K., solar capacity expanded 10-fold last year to 761.9 megawatts in capacity, compared to 76.8 megawatts at the end of 2010, as installers capitalized on government incentives and subsidies, reports Marc Roca for Bloomberg.
Additionally, Germany installed a record 7,500 megawatts last year. Shah also noted that solar panel demand in Italy and the U.S. will also support the sector, reports Matt Daily for Reuters. Demand in China and India may also be higher-than-expected this year, Shah added.
Guggenheim Solar ETF
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Max Chen contributed to this article.