Solar power grows as price falls

Eeeeeh – the price of solar parts today. You wouldn’t believe it…

The market for solar power is to grow by up to 30 per cent over the next five years as panel parts become cheaper, a Reuters report claims.

Wouldn’t that be good? If the government then ordered a huge number of wind turbines and solar panels, the public could buy them at a price that actually makes sense. Bulk buying, you know.

The report says:

“Tight supplies of polysilicon, a key component in solar cell production, will ease from this year, helping growth to pick up, Winfried Hoffmann, chief technology officer of Applied Materials’ solar business group, told Reuters in an interview.

The company is the world’s largest maker of chip-making equipment, with some 70 percent of orders coming from the memory chip sector. But it sees solar energy as a big growth area.”