The head of one of the world’s leading solar PV manufacturers and developers, SunPower’s Tom Werner, predicts that solar will be a $US5 trillion industry within 20 years, and represents one of the greatest ever opportunities in the history of markets.
“We’ve just scratched the surface of this opportunity,” Werner told analysts at the company’s day-long annual briefing in San Jose overnight. “I’ve been doing this for eleven years, and I’ve realised we’re just beginning.”
Werner’s comments follow fast on the heals of the joint US-China pact on climate change. While the details of the agreement have been dismissed by Republicans in the US as a “war on coal”, and the Murdoch media globally as little more than talk, analysis shows otherwise.