Comments on: Recapping 2008 and launching into 2009 http://blogs.synopsys.com/solarcellcorner/2009/02/recapping-2008-and-launching-into-2009/ Ideas about the motivation, techniques and prospects for improving solar cell performance and cost. Wed, 02 Mar 2011 05:23:44 +0000 hourly 1 http://wordpress.org/?v=3.1.2 By: Keshia Chisum http://blogs.synopsys.com/solarcellcorner/2009/02/recapping-2008-and-launching-into-2009/#comment-3 Keshia Chisum Wed, 02 Mar 2011 05:23:44 +0000 http://synopsysoc.org/solarcellcorner/?p=3#comment-3 I seemed to be aware about this already, but nevertheless there have been a few beneficial pieces that concluded the image for me, thanks a ton! I seemed to be aware about this already, but nevertheless there have been a few beneficial pieces that concluded the image for me, thanks a ton!

]]> By: Max Maier http://blogs.synopsys.com/solarcellcorner/2009/02/recapping-2008-and-launching-into-2009/#comment-2 Max Maier Fri, 13 Feb 2009 16:06:56 +0000 http://synopsysoc.org/solarcellcorner/?p=3#comment-2 Hello Ricardo, Thank you very much for starting this interesting blog. I fully agree with your statement about solar energy and its importance for the future. Here are some interesting market data: According to VLSI Research PV Solar Cell and Module Manufacturing Equipment demand passed $5.6B in 2008 and is set to reach $7.3B in 2009. Despite the world wide economic situation and despite falling oil prices it is expected to grow to $7.3B in 2009! Another set of interesting data comes from iSupply: According to them there was an installation of solar panels worth of 3.8GWp power in 2008 which is expected to grow to 4.2GWp power in 2009. Although this will probably come with a drop in revenues, mainly driven by oversupply. iSupply anticipates a drop down to $2,50 to $2,75 per watt range by the end of 2009, down from the current level of $4,20 per watt. It should be interesting to note that this drop in prices will probably spur demand so that there is an expectation that in the second half of 2010, the revenues for photovoltaic panel revenue may return to strong growth as the demand improves. By this time probably demand will be fuelled by additional installation capacity, improved rates of return due to low panel prices and renewed and extended government incentives to combat the economic slowdown. Therefore iSuppli predicts photovoltaic panel revenue will rebound in 2010 and rise to $17,8 billion, up 38,2% from 2009. Revenue will rise by another 11,1% in 2011 and by 29,1% in 2012. All in all this means the photovoltaic market represents already significant business with really impressive growth rates. Best regards Max Hello Ricardo,

Thank you very much for starting this interesting blog.
I fully agree with your statement about solar energy and its importance for the future.

Here are some interesting market data:
According to VLSI Research PV Solar Cell and Module Manufacturing Equipment demand passed $5.6B in 2008 and is set to reach $7.3B in 2009. Despite the world wide economic situation and despite falling oil prices it is expected to grow to $7.3B in 2009!

Another set of interesting data comes from iSupply:
According to them there was an installation of solar panels worth of 3.8GWp power in 2008 which is expected to grow to 4.2GWp power in 2009. Although this will probably come with a drop in revenues, mainly driven by oversupply. iSupply anticipates a drop down to $2,50 to $2,75 per watt range by the end of 2009, down from the current level of $4,20 per watt.
It should be interesting to note that this drop in prices will probably spur demand so that there is an expectation that in the second half of 2010, the revenues for photovoltaic panel revenue may return to strong growth as the demand improves. By this time probably demand will be fuelled by additional installation capacity, improved rates of return due to low panel prices and renewed and extended government incentives to combat the economic slowdown.
Therefore iSuppli predicts photovoltaic panel revenue will rebound in 2010 and rise to $17,8 billion, up 38,2% from 2009. Revenue will rise by another 11,1% in 2011 and by 29,1% in 2012.

All in all this means the photovoltaic market represents already significant business with really impressive growth rates.

Best regards

Max

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