Tyler Hamilton over at Clean Break has an excellent summary of the Barron’s article on the State of the Solar PV market.
A couple of interesting points made in the story, based on data from analysts:
- Within 10 years solar PV technology will be in cost parity with retail electricity prices.
- About $100 million (U.S.) has been invested in solar-related ventures in the first half of 2005.
- Shares of publicly traded solar-focused companies have jumped 150 per cent over the past 12 months.
- By 2010 solar power production is expected to quadruple to 6 gigawatts worldwide. During the time, the market will grow from $11 billion (U.S.) this year to $36 billion (U.S.).
You can read Tyler’s full summary and also a link to the Barron’s article over at the Clean Break website.