May 21, 2009

Chemicals gain in solar energy

It seems that whenever I get tons of wind energy news, the solar market is not far behind.

According to this recent report from Linx-AEI Consulting, the global market for advanced chemicals and materials used in photovoltaic solar cells and modules might decline this year to $2.3 billion (probably because of the current economy) but it will resume strong growth by 2015 approaching around $15bn.

The driver of growth in the PV market will be the global end market demand for solar power, which is expected to grow from 5.7 GW to 36 GW over the same time period, said Linx-AEI.

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