Barclays Capital: Solar industry growth than expected

Barclays Capital research report pointed out that with U.S. power companies finance the construction of large-scale solar power plants an opportunity to the next few years, solar industry growth rate will be higher than expected.
Barkley analyst Vishal Shah said that the world's urgent need for sufficient large-scale solar power plants, over time, therefore the volume of solar power generation might be the highest in the entire half of the electricity market. Optimistic about the prospects of solar energy, he pointed out that the next three years, several major U.S. power company may finance the construction of power generation capacity of 5GW of solar power plants.

U.S. Solar Industry Association data show that the current level of U.S. public utility to provide only 444MW solar power plant generating capacity, can supply 2.8 million domestic electricity consumption, but only near Phoenix, Palo Verde Nuclear Generating Station a fraction of generating capacity 1.

The next few years, solar power generation may be up to 12 times, mainly the United States more and more into solar cities program, including California, Arizona, Florida, Hawaii and other states, is expected to more than 10 solar power plant construction.

Vishal Shah pointed out that, SunPower, First Solar, Suntech Power, Yingli Green Energy and other companies in the next few years solar power generation market, a key driver.

Jul. 7, 2009