Outlook is bright for solar photovoltaic sector

Despite the widespread troubles in the financial markets, the solar photovoltaic sector experienced only a temporary slide in demand in the second half of 2009 - and the outlook has since become far more positive.

U.S. films producer Solutia [St. Louis] suggests the global PV market should grow at 25 percent /year in the coming years, whereas compatriot chemical giant DuPont is targeting a 50 percent increase in its PV sales in 2010 because of strong growth in solar markets in Europe, North America and Asia, according to a July 5 ICIS.com report.