Solar industry to see faster than expected growth

AP
June 24, 2009
COMMERCIAL, FABRICATION : GREEN, SOLAR

The solar energy industry will grow faster than expected during the next few years as American utilities invest heavily in large-scale solar farms, analysts with Barclays Capital said Tuesday in a research note.

Barclays analyst Vishal Shah noted that demand for utility-scale solar projects could eventually make up half of the U.S. market. Major utilities could install about 5 gigawatts of solar photovoltaic projects during the next three years, the analyst said, according to a June 23 AP report.



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