Wednesday, May 28, 2008

Solarbuzz Reports World Solar Photovoltaic Market Growth of 62% in 2007


Meanwhile, thin film production more than doubled from 181 MW in 2006 to 400 MW in 2007, accounting for 12% of total PV production. 

SA,  First Solar is the leader in this field... and one of the "creative destruction technologies"


Solar production grew at 33% per annum prior to 2006, at that pace it would exponentially provide all of the world's electricity in 25 years.  With higher oil and gas prices, that is moving growth rates much higher as expected.  If growth rates sustain at this level 62%, (I expect them to move even higher) then it could provide all of the worlds electricity within 15 years.


All the same, time oil prices moved in price 10 times we have seen prices fall for solar and efficiency rates move up.  This is only going to accerlerate more so as the auto industry moves to hybrid and plug in cars.


There is a good chance for some great deals on solar over the next 2 years as a huge supply of plants comes on board. It seems certain that within 5 to 10 years, oil, coal, and uranium will price itself out of the market.  This does not cover the exponential growth in CSP, wind, geothermal, tide, and algae.




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