PRTODAY / NewswireToday Free press release distribution service network

More news: Energy
Written by / Agency / Source: Frost & Sullivan

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Solar Power Enjoys its Moment in the Sun as it Gains Acceptance Globally as a Clean Alternative to Conventional Fuels - Solar energy becomes the second fastest growing renewable energy market after wind power - Energy.Frost.com
Solar Power Enjoys its Moment in the Sun as it Gains Acceptance Globally as a Clean Alternative to Conventional Fuels

 

NewswireToday - /newswire/ - Mountain View, CA, United States, 2011/11/14 - Solar energy becomes the second fastest growing renewable energy market after wind power - Energy.Frost.com.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Over the last 50 years, solar photovoltaic (PV) has evolved into a mature, sustainable and adaptive technology, which is rapidly gaining acceptance as a cost effective and clean alternative to conventional energy sources. PV technology's rising popularity partly stems from the increasing efficiency of its solar cells and partly from the improved aesthetics of its modules.

New analysis from Frost & Sullivan's (energy.frost.com) Global Solar Power Market research finds that the global solar power market had 1,327 megawatts (MW) of total installed concentrated solar power (CSP) capacity and 39,611 MW of PV capacity in 2010. The total installed CSP capacity is projected to reach 15,554 MW by the end of 2017, while the total installed PV capacity is expected to reach 188,461 MW.

If you are interested in more information on this research, please send an email to Britni Myers, Corporate Communications, at britni.myers[.]frost.com, with your full name, company name, title, telephone number, company email address, company Website, city, state and country.

The solar PV technology has the solid backing of the federal government and various state governments, which have instituted numerous renewable energy policies and programs, incentives and mandates.

"In the United States, Renewable Portfolio Standards (RPSs) and the economic stimulus package provided by the American Recovery and Reinvestment Act of 2009 is a major diver for the solar power market," said Frost & Sullivan Senior Industry Analyst Georgina Benedetti. "Similarly, in Europe, governments have passed several renewable energy laws and incentives such as feed-in tariffs for solar PV-generated power in countries such as Germany, Spain, Italy, France, Switzerland and Portugal to support the growing renewable energy industry both financially and technologically."

Although PV is riding a popularity wave, its module prices experienced a sharp decline in 2009 and 2010 due to an increase in manufacturing capacity and higher silicon supply. Further, the emergence of Chinese PV cell manufacturers that can produce cells at much lower costs placed considerable pressure on American and European manufacturers to lower their prices. To save their margins, European and American companies have to produce high-quality and highly efficient solar panels.

The governments in the West are showing an urgency to increase the domestic supply of energy to reduce their dependence on imports. This rising need for energy security translates to greater opportunities for solar power companies.

Countries' commitment to reduce carbon emissions by boosting the percentage of renewable energy in the energy mix has given a boost to the solar energy markets all over the world.

"When backed up by thermal storage facilities and combustible fuel, a solar power plant offers utilities electricity that can be dispatched when required, enabling it to be used for base, shoulder, and peak loads," notes Benedetti. "For off-grid applications, solar energy can provide cost-competitive, reliable, and clean electricity to remote homes and villages."

As of 2010, there were 1,327 MW of concentrating solar power (CSP) capacity globally and more than 18 gigawatts (GW) of CSP projects in development. PV installation experienced tremendous growth during the last three years, reaching 39,611 MW in 2010.

Global Solar Power Market is part of the Energy & Power Growth Partnership Services program, which also includes research in the following markets: North American Residential Solar Power Market, North American Non Residential Solar Power Market, Global Wind Power Markets, Asia Pacific Solar PV Systems Market Outlook, and Electric Drives Market in the Solar Power Industry. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.

About Frost & Sullivan
Frost & Sullivan (frost.com), the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages 50 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 40 offices on six continents.

Global Solar Power Market / N927

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Frost & Sullivan

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Energy articles,
CATCH Visitors via Your Competitors Announcements!


Solar Power Enjoys its Moment in the Sun as it Gains Acceptance Globally as a Clean Alternative to Conventional Fuels

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

Frost & Sullivan |
Publisher Contact: Britni Myers 
210-477-8481 britni.myers[.]frost.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Frost & Sullivan securities in any jurisdiction including any other companies listed or named in this release.

Energy via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Frost & Sullivan / Company Profile


Read Energy Most Recent Related Newswires:

GE’s First Power Services Remote Monitoring and Diagnostics Center in Asia Pacific Enables Increased Performance through Analytics
Vestas Secures Order for 101 MW in the United States
PPG to Distribute Wastewater Substrate-repair Products from Sauereisen
Enel Begins Operations At World’s First Commercial Geothermal-hydro Hybrid Power Plant
Vestas Secures 112 MW for Three Projects in France
ENGIE and Statoil Agree on the Renegotiation of Their Long-term Gas Supply Contracts
ENGIE and AES Andres Leverage Core Strengths to Provide Reliable and Competitive LNG Supply in the Caribbean
Power Costs, Inc. (PCI) and GE Power Collaborate to Link Energy Operations with Energy Trading for End-to-End Machine to Market Software Solutions
GE Oil & Gas Signs Agreement with TAG GmbH to Install New Tuning Maintenance (TUMAS) Software on Entire Fleet of Gas Turbines
ENGIE Announces Two New Major Collaborations to Foster New Innovative Green Gas Production Methods Across Europe
Enel Inaugurates Apiacás Hydropower Complex in Brazil
Steam and Gas Turbine Manufacturers Realign Strategies to Harness Growth Opportunities within Clean Power Generation
Enel Starts Construction of Peru’s Largest Solar PV Plant
GE and Maersk Drilling to Pilot Marine Digital Transformation
SolarWinds to Join the Discussion on Interoperable IT Management for Defense Forces at AFCEA’s TechNet Asia-Pacific 2016

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  JobsWare.com

Visit  BizJobs.com





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)