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Electric utilities

Solar Energy on the Rise: Emerging Trends and Players

Strategic Insights

— 1 min read

In the midst of skyrocketing fuel costs and environmental concerns, the solar energy sector is witnessing a surge in demand. With a growth rate of 20-25% per year over the past 20 years, the photovoltaic (PV) solar industry has expanded globally, generating over $3-4 billion in revenue. Solar EnerTech Corp., a Shanghai-based company, is at the forefront of this trend, with its sophisticated manufacturing and research facility in Shanghai's Jinqiao Modern Science and Technology Park. The company's R&D program, led by a top scientist, aims to develop higher efficiency solar cells, capitalizing on the rapidly declining costs and prices due to improved manufacturing technology.

Key Takeaways:

  • Solar EnerTech Corp. has established a 42,000 square foot manufacturing and research facility in Shanghai's Jinqiao Modern Science and Technology Park, dedicated to developing high-efficiency solar cells.
  • The company's R&D program, led by a top scientist, focuses on bringing Solar EnerTech to the forefront of advanced solar technology research and production.
  • Demand for solar electric energy has consistently grown by 20-25% per year over the past 20 years, driven by declining costs, improved efficiency, and increasing environmental concerns.
  • The photovoltaic solar industry now generates over $3-4 billion globally, with a growing demand for solar energy systems.
  • Solar EnerTech has also established a marketing, purchasing, and distribution arm in the Silicon Valley region of Southern California, expanding its reach and presence in the industry.
  • Time Warner, Inc. (NYSE: TWX) and Delphi Corporation (PinkSheets: DPHIQ) are also prominent players in the industry, with a focus on innovative technologies and sustainable solutions.
  • Calpine Corporation (PinkSheets: CPNLQ), an integrated power company, engages in sustainable energy solutions, including clean-burning natural gas-fired power plants and renewable energy sources.

Statistics:

  • 20-25% annual growth rate in demand for solar electric energy over the past 20 years
  • $3-4 billion global revenue generated by the photovoltaic solar industry
  • 42,000 square foot manufacturing and research facility in Shanghai's Jinqiao Modern Science and Technology Park
  • 17,500 megawatts of electric generating capacity owned or leased by Mirant Corporation
  • 73 clean-burning natural gas-fired power plants and 19 geothermal power plants owned or leased by Calpine Corporation

Sources:

  • M2 PressWIRE-2 June 2006
  • Iron Consulting: www.smallcapstockalert.com
  • Solar EnerTech Corp. (OTCBB: SOEN)
  • Mirant Corporation (NYSE: MIR)
  • Time Warner, Inc. (NYSE: TWX)
  • Delphi Corporation (PinkSheets: DPHIQ)
  • Calpine Corporation (PinkSheets: CPNLQ)

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