1.
2007 WORLD PV INDUSTRY REPORT HIGHLIGHTS
World solar photovoltaic (PV) market installations reached a record high of 2,826 megawatts (MW) in 2007, representing growth of 62% over the previous year. Germany's PV market reached 1,328 MW in 2007 and now accounts for 47% of the world market. Spain soared by over 480% to 640 MW, while the United States increased by 57% to 220 MW. It became the world's fourth largest market behind Japan, once the world leader, which declined 23% to 230 MW.
World solar cell production reached a consolidated figure of 3,436 MW in 2007, up from 2,204 MW a year earlier. Japanese producers continue to lose ground, only accounting 26% of global production. Chinese manufacturers raised their share from 20% in 2006 to 35% in 2007.
Despite polysilicon production for both solar and semiconductor use rising 30% in 2007, it remained the most capacity constrained part of the PV chain. 21 new entrants started manufacturing polysilicon during the year.
Meanwhile, thin film production more than doubled from 181 MW in 2006 to 400 MW in 2007, accounting for 12% of total PV production.
The PV industry raised nearly $10 billion in 2007. 84 identified financial transactions accounted for $7.5 billion in 2007, Of this amount, $5.3 billion came in the form of equity financing, while $2.2 billion came from debt financing. The PV industry generated $17.2 billion in global revenues in 2007.
The 320 page report concludes with three forecast scenarios, "Balanced Energy", "Green World" and "Production Led".
The scenarios address the key issues of market growth, supply capacity expansion, pricing through the PV chain, manufacturing costs and gross margins, together with the key commercial and policy challenges that will define the pathway of this industry over the next five years.
* the report addresses in detail Gross Cell Production, Consolidated Cell Production and the reconciliation between Consolidated Cell Production and Market Size ("installations") data.
2. Renewable Energy Tax Credit Legislation Voted Down in U.S. Senate, Washington, D.C., United States News Sub-Headline --> Company or Author name --> Story dateline --> Story intro --> Quote --> A bill introduced by Senate Tax Committee Chairman Max Baucus (D-MT) and Senate Majority Leader Harry Reid (D-NV) containing a one-year renewable energy production tax credit (PTC) extension and a small wind turbine investment tax credit has failed to move past a Cloture Vote in the U.S. Senate once again. The American Wind Energy Association's (AWEA) senior director of governmental & public affairs Gregory Wetstone said that the failure by the senate to move forward to consideration of the bill will cost the U.S. economy 116,000 jobs and nearly US $19 billion for the wind industry alone. “Thoughtful Americans, including Al Gore and T. Boone Pickens, have recently put forth visionary proposals to address our greatest energy challenges with an enhanced commitment to renewable energy. But we have to begin by continuing the one major federal policy we have that promotes renewable energy — the renewable production tax credit,” Wetstone said. Rhone Resch, president of the Solar Energy Industries Association (SEIA) said that the solar industries are running out of time before they begin to lose contracts and projects get put on hold.“Time is running out to extend the solar tax credits and without passage in the immediate future, tens of thousands of jobs and billions of dollars will be lost in new solar investment. Already companies are putting projects on hold and preparing to send thousands of jobs overseas — real jobs that would otherwise be filled by American workers. Failure to extend the solar tax credits is a severe blow to an industry that has proven to be an economic engine for the U.S. at a time when we need it most,” Resch said. The Senate bill, S. 3335, contains a one-year PTC extension at its current value. After December 31, 2009, any further extension would include the "presumption" of a cost cap, which would, through a complex formula, put a ceiling on the value of the credits of no greater than 35% of project value. The small wind ITC has a cap of US $4,000 per system. The 10-year cost for the PTC, including all technologies to which it applies, is projected to be approximately US $7 billion, while the ITC, which includes solar, would cost approximately US $907 million over 10 years. The bill also includes provisions to extend through 2014 the tax credits for solar energy, fuel cell and microturbine property, as well as the residential energy efficient property tax credit. Marine renewable energies could also benefit from the bill as credits to build wave, tidal, current and ocean thermal energy conversion systems of at least 150 kilowatts (kW) are extended through the end of 2011. The 10-year cost for the PTC, including all technologies to which it applies is projected to be approximately US $7 billion, while the ITC, which includes solar, would cost approximately US $907 million over 10 years.
3.
Berlin, Germany: CDU/CSU Calls for 25% Reduction in German Solar Funding (May 27, 2008)
The Conservative CDU/CSU alliance in the German Bundestag (Lower House of Parliament) has announced that they want to see a decrease in solar funding by 2010 of over 25 percent. On Monday, the Christian Democratic Union /Christian Social Union alliance called for a decrease of solar funding by over 25 percent over the next two years.
The CDU/CSU announcement comes ahead of discussions on Thursday this week, when the coalition fractions of the German Bundestag will discuss the future level of solar funding within the scope of the amendment of the Renewable Energy Act (EEG).
Minister for Environment, Sigmar Gabriel and the government coalition partner, the SPD (Social Democratic Party), also have the intention to reduce solar feed-in tariffs, but only by 7% to 8% per year.
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