Solar Energy

The €8-billion ($10.9 billion) market for solar energy panels is growing 25%-45%/year, representing a significant market opportunity for the chemical industry. Activity in the sector remains heavily government subsidized, though this may change soon as solar energy becomes more competitive with electricity from the existing power grid. That point has not been lost on suppliers and their customers, many of which have been increasing capacity and improving their economies of scale. Silicon is the key material used in photovoltaic (PV) solar cells, which are...

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