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Wednesday, 18 September 2024

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The PV market expected to reach 51.1 billion euros

The solar PV industry grew by 55% in 2005 from the year before, according to a report published by Clean Edge, an American research firm. The total industry value is estimated to be 11.2 billion euros at the moment, however it is expected to reach 51.1 billion euros by 2015. “For the first time in modern history, the technology costs of clean energy are competitive comparted to dirty competitors”, says the report. “While oil and gas prices remain high and volatile worldwide, and as long as coal and nuclear do not solve their environmental issues, clean energy prices will keep their downward price trend steadily”.

The report does not ignore the big impact of silicon scarcity, which prevents the industry from developing its whole potential. However, experts sign out that the problem is temporary. Some sources believe that it will be mitigated before the end of 2008.

Likewise, in a survey carried out by Alternative Energy and Cleantech in America, whose results have been published by Clean Edge, more than half of the people sampled believe that solar energy will be competitive versus traditional energy by 2015. Only 1 in 4 of the sampled people thought that this moment would arrive by 2010.

For additional information:
www.cleanedge.com
Tags: PV , Solar , Nuclear , Oil
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