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The Future Growth of Photovoltaic Project

In the past 30 years, the φωτοβολταϊκό έργο industry maintained a growth rate of 20 percent on the average, while in the last five years, with an average annual growth rate of as high as 35 percent. As of 2007, the global PV power installed capacity is 9.1 million kilowatts, the growth rate go up to 33 percent. in 2007, capacity of 2.2 million kilowatts is installed, and the growth rate is 40%.

On the optimistic view, in the next 30 years ,the pv industry will maintain a growth rate of more than 25 percent, while the pessimistic view is that this judgement is not based on reality.

Optimistic faction believes that as the technological progress and industrial expansion, photovoltaic power generation costs will be quickly reduced, thereby it bring a fundamental demand for the expansion, the process will run through the entire century. The latter part of the growth rate will decline, it is because the base PV will be huge. [Read more]

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