Solar Market: Dip in 2009, Rise by 2011

Moresco, Justin
February 2009
Red Herring;2/18/2009, p2
Trade Publication
The article presents a forecast on the global solar market in 2009. According to Lux Research, the global solar market will reduce this year and system costs will decline, priming the market for growth by 2011 when solar power reaches a major milestone in pricing. It states that the worldwide market for photovoltaic solar could decline nearly 20 percent to $29 billion in installed system sales this year from $36 billion in 2008. The decline will be driven by reduced solar module prices owed to manufacturing oversupply.


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