Proof that the Solar Industry is on the Brink of a Huge Expansion
A
new report from the prominent global consulting firm McKinsey shows why
solar photovoltaics have hit a tipping point.As the economics of solar
PV continue to improve steadily and dramatically, McKinsey analysts
conclude that the total “economic potential” of solar PV deployment
could reach 600-1,000 gigawatts (1 million megawatts) by 2020.In the
year 2000, the global demand for solar PV was 170 megawatts.That doesn’t
mean 1 million megawatts will get developed by 2020; it’s just an
estimate of the economic competitiveness…Read more...
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