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Author has a degree in Engineering and is an avid investor in the market. Experience in industrial materials and structures. In college studied atomic & nuclear physics as well as material engineering. Eastern European
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  • Solar Industry 40% growth for 2011  0 comments
    Nov 22, 2010 10:22 AM | about stocks: FSLR, CSIQ, LDK, SPWR, TSL, HQCL, SOL, ASYS, SLV, SIL, SIVR, HL, SVM, MVG, SLW, SSRI, PAAS

    Solar Industry Expected Growth for 2011

    Posted on November 19, 2010 by rodney

    40% Growth Projection. This Would Mean Doubling in Size Every 2 Years…
    The solar industry has grown quite fast in the past few years, and it looks like this will continue in 2011, at least according to a market research by iSuppli. “iSuppli forecasts that worldwide solar installations will reach 20.2 Gigawatts (GW) next year, up from 14.2GW at the end of 2010.” This would be a growth of 42.3%. At that rate, the industry would double every two years.

    installing solar panels roof photo
    Photo: Flickr, CC

    While 40%+ is great growth any way you slice it, it will still represent a slowdown from 2009′s 97.9% growth.
    installing solar panels roof photo
    Photo: Flickr, CC

    There is some concern that German demand could slow down – it accounts for almost half of total demand – but iSuppli doesn’t think that Germany will put a cap on solar yet:

    Speculation is also rife about the possibility of a PV installation cap being imposed in Germany for 2011. However, iSuppli believes that the German government will not dare to cut down PV subsidies, especially in the wake of a recent decision to extend the operation of nuclear power plants. (source)

    Solar still represent a still fraction of total generation capacity, but something that keeps doubling rapidly can easily surprise people. Exponential curves are very counter-intuitive.


    (Note if your wondering why I gave you silver stock tickers in a Solar Industry news item? Its because roughly 1 ounce of silver is used on each solar panel. Ever see how many solar panels each house has on it, or how many a commercial building has on it?)
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