The Market

The production of photovoltaic cells has increased to more than 5000 MW in 2009, which is more than 60% over the previous year. The expectations for the coming years are also very high.

With an impressive annual growth rate since 2002 of 48 percent on average, the production of solar cells has doubled every two years, making it the fastest growing energy source in the world.

This means that the solar energy industry has become the fastest growing industry in the world, with an expected annual growth of at least 40% by 2011.

The average price of a solar cell module, exclusive of installation and other system costs has dropped from about USD100 per watt in 1975 to less than USD 4 per watt at the end of 2006. With increasing production of poly silicone, the average price of solar cells is expected to decrease further to USD 1 per watt in coming years.

By investing now in such a market with state-guaranteed high subsidies over a period of many years, it might very well be interesting for a future, as these solar parks could increased their value, as government subsidies for new solar parks gradually decrease over the years. As these subsidies are planned to do.

Growing concerns about the declining oil resources, the volatile oil prices, the current concern in the Middle East and the alarming climate changes are leading to increased political focus on renewable energy. Even though solar energy today is a very small player in the overall global energy market it is now evident that it is ready to take a more prominent position in the global energy economy.