Today the Solar Energy Industry Association announced that solar electricity installations grew by 29% in 2009.
FORBES: Solar and Wind Growing Fast, Not Fast Enough for Wall Street
The solar energy industry also stands to collect on the new green machines.
Shares in Hong Kong-traded GCL-Poly plunged for a second day today amid continuing worries about losses in the solar energy industry.
FORBES: GCL-Poly Drops Another 7.8% Amid Worries About Solar Industry Losses
Until relatively recently, the solar energy industry had been too young, and the technology too new, to accurately predict return on investment.
FORBES: Going Solar: A New Approach To Measuring Performance
The Solar Energy Industry Association said panel prices dropped 40% in 2009.
FORBES: Solar and Wind Growing Fast, Not Fast Enough for Wall Street
For the solar energy industry to truly mature, it needs a performance model that can offer investors confidence and predictability in their return on investment.
FORBES: Going Solar: A New Approach To Measuring Performance
Today the Solar Energy Industry Association issued its 2009 year-end report, following similar reports from the American Wind Energy Association and the Geothermal Energy Association.
As the chief executive of a solar technology company, no one wants an abundant supply of clean energy and a healthy solar energy industry more than I do.
FORBES: Government Subsidies: Silent Killer Of Renewable Energy
The Index is a rules-based, modified global-capitalization-weighted, float-adjusted index intended to give investors a means of tracking the overall performance of a global universe of listed companies engaged in the solar energy industry.
Two elements that did not make it into the Senate's bill: a one-year extension of investment tax credits for the solar energy industry and production tax credits for the wind, geothermal and biomass industries.
While there were clouds over much of Wall Street on Friday, the solar-energy industry was having a good day thanks to analyst upgrades and expansion deals.
As prices of traditional energy sources like coal and oil rise, government subsidies and tax breaks for investment in solar energy will drive growth in the renewable energy industry as alternative energy sources become a more economical alternative.
That's why my administration is taking steps to support a thriving clean energy industry across this country -- an industry that's making solar panels, and building wind turbines, producing cutting-edge batteries for fuel-efficient cars and trucks, and helping consumers get more control over their energy bills.
Several solar energy experts said they have not calculated the industry's total waste and were surprised at what the records showed.
When the price of oil jumps as it has this week, says renewable energy consultant Pamela Cargill, the solar power industry often goes along for a profitable ride.
FORBES: What the Price of Oil Means for Solar Power and Electric Vehicles
In 2000, the solar industry accounted for 175 megawatts worth of energy represented by the solar panels it produced.
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Government policies and subsidies to drive adoption of renewable sources of energy should help the growth of the solar industry in the years to come.
Martin Cotterell, from MCS - which covers much of the solar panel industry and certifies technologies used to produce energy from renewable sources, said there were "undoubtedly challenges" in dealing with panels at fires.
The stimulus project will be sponsored by several government departments, including the National Development and Reform Commission (NDRC), State Grid and the National Energy Administration, Wang Sicheng, a senior energy researcher from NDRC, said at a solar industry conference in Beijing last week.
FORBES: China's Government To the Rescue As Solar Crisis Deepens
And the solar industry is both an affordable and sustainable source of clean energy, and a significant job creator.
FORBES: Government Subsidies: Silent Killer Of Renewable Energy
Bob Gibson, VP for market intelligence at the Solar Electric Power Association (SEPA), pointed to one large source of growth for the industry: utilities expanding their energy mix to include solar.
In Denver, at least, the solar industry is feeling loved, seizing on the twin issues of energy and the environment to boost its profile.
First Solar is engaged in the manufacturing and sale of solar modules with an advanced thin film semiconductor technology, and it competes with other solar industry players like SunPower , Suntech Power and Yingli Green Energy.
FORBES: First Solar Can Go Higher Even If PV Module Pricing Cools Off
One of the government incentives Mr. Reid supported for the renewable-energy industry was a 30% investment tax credit for companies in the solar-energy business.
Given the fallout in the solar panel industry, in the short run, the bigger alternative investment opportunity in energy may be energy efficiency, according to Orts.
If innovation drives solar and battery prices low enough, the energy sector may become no different than any other industry in producing limited externalities.
In December 2006, the solar industry got its 2006-2007 30% homeowner tax credit for installations of solar energy systems extended through Dec. 31, 2008.
The President has repeatedly reaffirmed his support for green energy, but he is making solar power less affordable, and at a time when the industry is still dependent on massive subsidies.
FORBES: Obama Administration Errors Set The Stage For The First Green Trade War
This Continuing Resolution, if passed, would not just eliminate jobs from the solar industry, or from construction or manufacturing orders, but would eliminate jobs across the energy innovation cycle and across various innovative energy technology sectors.
FORBES: House GOP Budget Proposal Would Stifle Energy Innovation
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