April 28, 2009

Solar energy still bright

Investments might be down a bit this year but it seems the outlook for the solar energy industry is still pretty darn bright, according to this study from SRI Consulting.

SRI said the global solar energy market is projected to more than double to reach $70 billion by 2013. Solar cell efficiencies of organic photovoltaic technology are said to have reached over 5% but silicon based cells in the commercial photovoltaic industry are still the predominant technology because of higher efficiencies reaching over 25%.

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