In Q4’11, the North America photovoltaic market is forecast to grow 33% Q/Q and 101% Y/Y. Q4'11 installations of more than 0.8 GW of PV capacity are expected, resulting in a total demand of over 2.2 GW in 2011.
The United States will account for 84% of North American demand in Q4’11; Canada, dominated by Ontario, has the remaining 16%. When viewed at a state or provincial level, California remains the largest single market in Q4’11, with 21% of market share. Ontario is forecast to become the second-largest region (16%), followed by New Jersey (11%). Demand in the United States market has spread to many states beyond California, but in Canada, Ontario is 99% of the national market, which creates significant policy risk.
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