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up up and away - pv to soar in 2010

  1. 761 Posts.
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    Adding flesh to my comments yesterday about the future of PV resellers such as SOO. This data and the range of possible future outcomes for SOO noted in my post yesterday are old news to the team at SOO.

    However, it might be useful to speculate how the PV game is going to develop in the next five years.

    Personally, I don't think Australia has much future in PV manufacturing (too far from big markets, minute local market, muddy government policies, poor risk culture) so Australia will stay a distribution and installation market - exactly where SOO and CBD sit.

    This exerpt from RenewableEnergyWorld shows the worldwide possibilities though and it disappoints me that we lack of a suitable PV/Solar Thermal directed market fund in Australia to use to get worldwide exposure to this booming industry.

    "Yes, overall the cleantech industries are booming and have surmounted the global mega-economic meltdown. According to research firm DisplaySearch's Quarterly PV Cell Capacity Database & Trends Report for Q3 2009 solar cell manufacturing capacity is expected to grow 56% in 2009 to 17 gigawatts (GW) and ramped capacity, which was only 2.3 GW in 2005, is forecast to grow at a compound annual rate of 49% to more than 42 GW in 2013. Between January 2008 and July 2009, approximately 11.4 GW of new solar cell capacity was installed in facilities around the world. Most of these were previous investment commitments, and that is the reason that capacity is continuing to grow 56% in 2009 despite falling demand."
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