our market
Key drivers for growth in the solar power market
The dynamic growth of the PV market will continue due to a number of factors, including:
- financial incentive programs, such as feed-in-tariffs, in countries including Germany, Spain, Greece and Italy, which offer an attractive rate solar power fed into the public grid;
- increased awareness of solar power among the world’s industrialised countries, and financial and political willingness to reduce climate change;
- increasing realisation that fossil fuels are running out;
- the risks of interruption to energy supplies in industrialised countries where imported fuels are predominantly sourced from politically unstable regions; and
- technological innovations demonstrating that solar power, together with other renewable energies, is able to meet a high proportion of future energy demands cost effectively.
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