12 October 2010 19:09 [Source: ICIS news]
TORONTO (ICIS)--The US solar industry may add more than 1 gigawatt (GW) of capacity this year – more than double from the 441 megawatts (MW) added last year, an industry association said in a study on Tuesday.
By 2015, the industry aims to install 10 GW of capacity, enough to power 2m new homes each year, it said.
Many chemical producers – including DuPont, Solutia, Dow Corning, Evonik, and Wacker, among others – are developing the photovoltaic and solar sector as an important growth market for their products.
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“First half solar installations grew beyond expectations as a result of declining prices, continued government support and improving financial conditions," said Shayle Kann, managing director with GTM Research, a firm that jointly produced the study with Solar Energy Industries Association.
"In spite of continued macroeconomic woes, the
At the end of 2009, the US had 2,108 MW of installed solar electric capacity, accounting for less than 1% of the US energy supply mix, according to information on the association's website.
The US ranked fourth in terms of installed solar power capacity, behind Germany, Italy and Japan.
In related industry news, US specialty chemical firm Solutia said earlier on Tuesday it had opened a new photovoltaic laboratory centre at
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