The Dernogalizer

March 20, 2009

Solar has 110% Growth in 2008

Filed under: Energy/Climate — Matt Dernoga @ 3:25 pm
Tags: , ,

There was a recent report on the status of the global solar PV industry. You can read the summary here. The growth of the solar industry is taking off! In 2006, its growth was 19%, in 2007, 62%. Now for 2008, 110%! That’s the good news. The bad news? The US is hardly partaking in this explosion of growth. We aren’t investing like we should be, and there haven’t been strong enough incentives in our country for companies. Below is a graph our market share in the PV industry(yes that line is crashing).

According to Marketbuzz, the leading manufacturers of solar cells have been China and Taiwan….

China and Taiwan continued to increase their share of global solar cell production, rising to 44% in 2008 from 35% in 2007.”
Market demand isn’t doing so hot either…

It’s very important that the US is much more aggressive and proactive in solar power. Not only because solar power is environmentally sound, but because there is a huge market out there that is currently doubling EACH YEAR, which is ridiculous. Perhaps companies like Shell(yes I know they aren’t American based, I’m just making fun of them) should read the writing on the wall and actually invest in this industry.

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2 Comments »

  1. […] The Dernogalizer placed an observative post today on Solar has 110% Growth in 2008Here’s a quick excerptThere was a recent report on the status of the global solar PV industry.  You can read the summary here .  The growth of the solar industry is taking off!  In 2006, its growth was 19%, in 2007, 62%.  Now for 2008, 110%!  That’s the good news.  The bad news?  The US is hardly partaking in this explosion of growth.  We aren’t investing like we should be, and there haven’t been strong enough incentives in our country for companies.  Below is a graph our market share in the PV industry(yes that lin […]

    Pingback by Topics about Climate » Archive » Solar has 110% Growth in 2008 — March 20, 2009 @ 4:48 pm | Reply

    • thanks for the plug!

      Comment by Matt Dernoga — March 20, 2009 @ 4:52 pm | Reply


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