EVSO: Analysts Predict PV Installations to Double in 2011
December 10 2010 - 9:15AM
Business Wire
Evolution Solar Corp. (PinkSheets:EVSO) cheered a new report
this week that claims that the number of solar photovoltaic
installations in North America is likely to double in 2011.
IDC Energy Insights released a new study titled Business
Strategy: Trends to Watch as the Rate of North American Solar PV
Installations Doubles in 2011 on Tuesday that examines the
technological, legislative, and business model trends that will
shape the solar photovoltaic (PV) industry in the coming year.
Following a strong 2010 that will see around 1 GW of installations
in North America, 2011 should bring over 2 GW of new installations
across the continent.
“While subsidies undeniably underpin much of this growth, the
young solar PV industry has been rapidly innovating in ways that
make solar PV systems more cost effective, easier to install, and
easier to maintain,” said Jay Holman, lead analyst for IDC Energy
Insights' Renewable Energy Strategies program. “While North
American installations trail those in Europe, current momentum
represents very strong growth for the region.”
If Holman and IDC’s projections for 2011 are proven accurate,
the new year will be a continuation of an exponential boom in PV
installation in recent years. The gigawatt or so of capacity
installed in 2010 more than doubled the 441 megawatts added in
2009.
“Thanks to technological innovation, the costs associated with
generating electricity using photovoltaic panels are falling every
day,” said EVSO President Robert Hines. “As the PV market continues
its tremendous growth over the next year, the price gap between
solar power and power generated from traditional fuels will
continue to narrow. The evolution of a cleaner, more efficient and
renewable energy industry has already created thousands of jobs
across the country with many more to come.”
Last month, Evolution Solar sent two cutting-edge solar panels
to North Carolina as part of the company’s efforts to enhance the
green technology curriculum at Barber-Scotia College’s energy
institute. In October, the company partnered with Texas Southern
University in Houston to install eight AmpleSun thin-film
photovoltaic panels on the campus to serve as a cornerstone of the
new TSU Green Technology Center. The project was EVSO’s first array
featuring the AmpleSun panels in the U.S. These projects are
intended to help Evolution Solar acquire new business in a sector
that is growing to compete in the energy industry, which includes
First Solar (NASDAQ:FSLR), Altera Corp. (NYSE:ALTR), Trina Solar
Ltd. (NYSE:TSL) and JA Solar Holdings Co. (NASDAQ:JASO).
About Evolution Solar Corporation
Evolution Solar Corporation (EVSO) commercializes leading-edge
alternative solar energy technologies and related photovoltaic
technologies, equipment and next-generation appliances. Evolution
Solar is an emerging industry leader capitalizing on its
understanding of solar technology and supporting the development of
alternative energy plans for large corporations and government
organizations. Evolution Solar is also an expert consultant agency
to organizations in their strategic and procurement plans for
alternative energy contracts with public utilities.
For more information, please
visit http://www.evolutionsolar.com.
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