InterviewPhotovoltaics market to prosper, driving chem demand

17 December 2009 22:30  [Source: ICIS news]

By: Clay Boswell

NEW YORK (ICIS news)--The photovoltaic (PV) industry will likely grow, fuelling demand for raw materials produced by chemical companies, a consultant said on Thursday.

“Most of us believe that the future for photovoltaics and solar power is very strong. [The market] will have growth and will certainly be advantaged by, first, any carbon-limiting legislation in the US, and, second, by any international climate-change agreement,” said Branko Terzic, global and US regulatory policy leader in energy and resources for Deloitte Services, in an interview with ICIS.

“Those are fundamental positives for the photovoltaic industry that do not go away with ups and downs in gasoline and oil markets, or with concerns about food versus fuel," he said. So I think there is a fundamental positive and long-term role for solar that will only be enhanced with the passage of time and with both US legislation and global agreements."

“Those are fundamental positives for the photovoltaic industry that do not go away with ups and downs in gasoline and oil markets, or with concerns about food versus fuel," he said. "So I think there is a fundamental positive and long-term role for solar that will only be enhanced with the passage of time and with both US legislation and global agreements."

Terzic cautioned against companies being distracted by the current economic dislocation. As such, chemical companies supplying material to solar, wind and other renewable energy markets should focus on five- and 10-year trends.

The economy is fundamentally sound, he said, and an economy recovery will release huge pent-up demand.

“1.7bn people will join the middle class, mostly in China, India and the Far East. And these people will be the consumers of all kinds of goods, including housing and equipment with PV attachments,” he said.

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By: Clay Boswell
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