The New York Times on Sunday reported about Solar World‘s new solar panel plant in Oregon. The Germany company is making a big ($300 million) bet that the United States is the place to be if you are a solar panel manufacturer.
The message for solar companies, Mr. Pichel says, is “get your butt over to the U.S. if you want to participate and get some of that stimulus package money.”
Solar photovoltaics still account for less than 1% of the electricity generated in the U.S. today. However, the article reports that in various markets, including California, the number of solar panels installed is doubling every year. At that kind of growth – even if it slows down slightly due to the current recession and credit crunch – in five to ten years solar electricity could account for a much more significant share of the electricity supply.
I’ve been focused lately in the blog on energy efficiency, and not so much on alternative energy sources, so it’s good to see that there’s still a lot of momentum going on there!