Stimulus Plan is a Ray of Sunshine for Solar Industry

TEMPE, Ariz.--(BUSINESS WIRE)--The solar industry was moving at a frantic pace through the end of 2008 in an effort to capture the solar tax credits that were set to expire at years end. Global demand for solar hit a whopping 5.3 GW and saw the price of silicon skyrocket and solar panels became very scarce. Citigroup's (NYSE:C) Timothy Arcuri in a recent research note observed that, "Global demand for solar is likely to see a slight decrease to 5 GW, but driven by a growing pipeline of utility scale projects and aided by government stimulus programs, he thinks the total will jump up to 7.6 GW next year and 9.6 GW in 2011."

Labels: News, solar, Solar Funding, solar panels

posted by Ertai at 5:29 PM