Green Progress

Alternative Energy

New ChangeWave Survey Shows Why 2008 is the Year of Solar Energy

No matter where you look, alternative energy is the topic du jour. To find out what's going on with solar energy and other non-traditional energy sources, ChangeWave surveyed 182 members of its expert research network that work directly in the alternative energy industry.

The ChangeWave network identifies emerging trends, technologies and companies best-positioned to capitalize in today's market.

The survey, conducted December 18-26, 2007, revealed that solar energy continues to show the most momentum of all alternative energy segments. Not only has the solar sector shown strong gains since the previous ChangeWave survey in February 2007, it also leads in each of the following areas:
  • Most Rapid Economic Growth - Past 12 Months: When asked which alternative energy sector has experienced the fastest growth over the past year, solar energy (49%) topped the list -- up a whopping 14 percentage points since the previous February survey. In comparison, biomass -- including biofuels and bio-products -- came in at 41%.
  • Most Rapid Economic Growth - Next 12-24 Months: Going forward, respondents see solar energy (58%; up 20-pts) as experiencing the most rapid growth in the industry for the next one-to-two years.
  • Most Momentum - Next 5 Years: Over the long term, solar energy also retains its strength as 31% of respondents (up 5-pts) say it will be the top sector for the next half decade.
Solar energy is also seen as experiencing the biggest technology breakthroughs (27%; up 2-pts). But perhaps most importantly, solar cells are expected to be affordable enough to achieve a competitive return on investment within seven years.

"Demand for solar (photovoltaic) cells is unquestionably robust, the price of oil is trending higher, and solar tax credits will likely be extended," said ChangeWave analyst Josh Levine. "The forces are all lining up exceptionally well for the solar industry. It's the right time for investors to be exposed to the sun and invest in solar stocks."

According to solar industry experts, the sector's growth is being propelled forward by global photovoltaics manufacturers like First Solar (FSLR), SunPower Corp. (SPWR), and SunTech Power Holdings (STP) -- companies that have developed superior business models and excelled in project management.

Levine adds that the next big challenge for the solar energy industry is the scaling of production facilities for mass production at the gigawatt level. "The next generation of leaders will be those companies that are best equipped to leverage the latest innovations in materials research through manufacturing know-how," he said.

More Alternative Energy Articles

Department of Energy to Train 75,000 Solar Workers

First Hybrid-Flywheel Energy Storage Plant in Europe announced in Midlands

World's Largest Solar Thermal Power Project at Ivanpah Achieves Commercial Operation

NTU Scientists Make Breakthrough Solar Technology

Wireless Devices Go Battery-Free Using "Ambient Backscatter" from TV and Cellular Transmissions

Harvesting Electricity from the Greenhouse Gas Carbon Dioxide

Maine Project Launches First Grid-Connected Offshore Wind Turbine in the U.S.

University Researcher Making Rechargeable Batteries with Layered Nanomaterials

Vestas 8 MW Offshore Wind Turbine Could Power Up To 3200 Homes

Urban Green Energy and GE Unveil the Sanya Skypump, an Electric-Vehicle Charging Station Equipped with Wind and Solar Power

even more articles...

Suggest an Article for Green Progress

Green Progress :: Green Technology and Environmental Science News
Green Progress is an EcoMethods™ sustainability project. Copyright © 2005 - 2019 Green Progress. All rights reserved.