Friday, November 12, 2010

solar study identifies market penetration

a boston consulting group released a recent study that identifies trajectory of solar market share to challenge conventional fossil fuel energy sources.

the study highlights a market equilibrium and economy of scale to hit the solar pv market in next 5-10 years in regions of pronounced solar resource.

with continued demand for solar products increasing along with advancements in the technology-- efficiency increase and resulting cost per unit decrease--the longterm outlook for the photovoltaic industry seems to be very promising.

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