DuPont now expects $1 billion in photovoltaic market sales this year, up from a previous forecast to hit that mark in 2011, saying interest for solar materials continues to spike.
The company, which also makes a range of chemicals and iconic products like Kevlar and Tyvek, said the new forecast is due to research that makes solar technology cheaper and brings costs more in line with traditional energy generation.
“No one can doubt the continued explosive growth in the industry,” DuPont spokesman Dan Turner said.
Demand for Tedlar, a polyvinyl fluoride film that backs photovoltaic solar cells to protect them from moisture, and for Solamet, a paste used to build solar panels, continues to increase, the company said.
“Materials for photovoltaic applications are a critical success factor for sustainable growth,” said David Miller, president of DuPont’s electronics and communications division.
Shares of Wilmington, Del.-based DuPont fell 13 cents to $44.70 in morning trading. The stock has traded between $30.06 and $45 in the past 52 weeks.
Source: CNET NEWS
Solar panel technology is developing at an amazing pace; the solar panels of today are far more efficient and cost-effective than the solar panels of 20 years ago. Solar energy is probably the most accessible form of alternative, renewable energy the individual for powering household appliances. Energy-efficient appliances also draw less electricity so, combined with increased efficiency of solar panels, solar energy can be used for many appliances that could not be powered by solar in the past, e.g. fridges. Solar water heating is another use for solar energy; solar water heaters use solar energy to heat water instead of electric geysers. Solar geysers are fairly expensive investments but at current Eskom tariffs in South Africa, these solar geysers typically amortize there initial cost within 36 months. Solar installations also increase the value of homes (see How to finance a home solar energy system). Electricity savings with solar water heaters can be substantial- household electricity bills can be reduced by up to 50%!
Water Rhapsody and Yes Solar Mpumalanga have combined (water and energy are linked!) to offer high quality water conservation systems and solar energy solutions. Contact us for a free quote on a rainwater harvesting system, grey water recycling system, Atlas & JoJo water tanks (and water tank stands), green plumbing systems or solar water geyser (made by Solsquare in Germany). All our water systems are installed by qualified Water Rhapsody consultants and our Solsquare solar geysers are fitted by Eskom-approved solar installers (so that you can claim cash back from the Eskom renewable energy scheme).