News about Solar, Wind and alternative green power technologies

In 2008, the sales of solar power panel amounted to 5.6GW, which is nearly up 48 percent. 3.3GW or 60 percent of the solar panel sales were done in Asia, in the year 2008. Besides roughly 1.5W solar energy sales were done in Europe. While the United States accounted for a mere 750MW solar power panel sales.

The decline of alternative energy such as green energy and renewable energy occurred in the year 2009, during which the manufacturing capacity utilisation became below 50 percent, which is alike to the semiconductor for the IT industry. However, n the year 2010, the solar panel market is witnessing a rise again, maybe up to 48 percent, reaching 10.5GW of recently installed photovoltaic (PV) systems. The sector of thin-film solar cell, which includes amorphous silicon, CIGS as well as CdTe, is assumed to represent less than 20 percent of the whole solar energy market in the year 2010.

The consistent and robust growth of solar energy, even that of alternative power (green energy, renewable energy) is being expected during the next few years. In reality, the governments of various countries have, by now, even invested in the technologies related to solar energy. For instance, the Chinese government had, in the 2009, announced what some industry analyst referred to as the most generous and aggressive solar power subsidy in the whole world, thus giving the Chinese solar companies a huge market boost in the midst of a usually gloomy outlook regarding short-term growth.

Source: Inverter China