By many measures, solar power is miniscule. The entire sector will produce only 4 gigawatts (GW) of cells/modules in 2007, compared to global installed electricity capacity of over 4,000 GW.Similarly, the installed base of solar power systems will be only 0.06% of global electricity consumption this
year.
Yet packaging solar power in these terms is similar to jewelry in a tiny box – the size of the package reveals little about the true value of the contents. With a combined market capitalization of over $140bn today, annual production growing to 20+GW by 2011 and 8%-point profit margin expansion in the next four years, it is clear that there are big things in this small
package.
While risks such as higher interest rates or falling grid prices could slow the solar sector’s growth and margin expansion, the current outlook is for the size, scale and impact of solar power to grow faster than almost anyone expects.This report provides a look inside the box by providing a five-year forecast for (a) supply, (b) demand, (c) price and profit and (d) leading solar power players.
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This report provides a look inside the box by providing a five-year forecast for (a) supply, (b) demand, (c) price and profit and (d) leading solar power players.
