NewEnergyNews More: A COMING CPV SOLAR EXPLOSION

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  • Wednesday, December 11, 2013

    A COMING CPV SOLAR EXPLOSION

    Concentrated Photovoltaic Solar Installations Set to Boom in the Coming Years

    December 10, 2013 (IHS Inc)

    “After years of slow progress, the global market for concentrated photovoltaic (CPV) systems is entering a phase of explosive growth, with worldwide installations set to boom by 750 percent…[and] rise to 1,362 megawatts in 2020, up from 160 megawatts in 2013…CPV technology employs lenses or mirrors to focus sunlight onto solar cells…[It] allows for more efficient PV energy generation…[but drives] up the cost…[A]dvancements in CPV technology [will] reduce costs…for high-concentration PV (HCPV) systems…[from] $2.62 per watt in 2013…to $1.59 by the end of 2017…” click here for more

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