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More and more, I get the feeling that investment analysts think the economy has turned a corner, especially in regards to solar power.
Every day, there is a new article on the wire about this or that prediction for solar power in the new decade. Thankfully, most of them are positive. I’ve written about a few them recently, including the sharp drop in solar costs in 2008 and the expectation that the Green Tech industry will lead the economic recovery.
On solar’s behalf, positivity is an easy assertion when factoring in China, which is well ahead of the rest of the world in escaping the recession, and whose major solar companies are flourishing. Trina Solar and Suntech Power Holdings are just two Chinese firms soaring high thanks to increased government incentives and China’s high market share of solar manufacturing.
U.S. solar has been a bit more sluggish in recovery. Still, with the U.S. economy showing signs of growth, and at the least, stabilization, prospects are looking up for 2010. Reuters gives a few fairly common reasons for positivity.
For one, demand is expected to rise in 2010, beginning almost immediately. This will help curb the rapid fall in prices and should facilitate a rise in profit margins for many solar companies barely sliding through the recession. The fall in prices, up to a 50 percent drop in 2008 alone, shattered the high hopes of many solar companies. That sheer fall, analysts say, will taper in 2010, with prices falling at a more manageable rate. …continue reading Global Solar Investment to See Brighter Days in 2010
