6/05/2008

Solar Panels Revenue in 2007 was $21.2 billion

Photovoltaic
Photovoltaic,
originally uploaded by Schwarzerkater.
After more than three decades of research and development of solar panels, shingles - PV tiles and other photovoltaic devices the revenue reached $21.2 billion, last year. That is not really an amazing result, judging by the global threat of climate changes and global warming.
The company Lux Research predicts that the solar panels revenue will reach $71 billion in 2012.
Business situation is getting more and more challenging for smaller photovoltaics companies. Companies simply need to focus on constant fast growth to reach the scale, which allows them to stay competitive.

Business Merger is the most viable solution to achieve a very fast company's growth.
We could expect much higher activity in the field of renewable energy sources and solar power after American Presidential elections.

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