DuPont expects solar photovoltaic sales to hit $1bn by 2012

19 March 2009

DuPont, a science-based products company, expects to triple its annual photovoltaic sales to more than $1bn in 2012 due to the growth of the solar market.

David Miller, group vice president, said, ‘Through investments in materials, technology development and manufacturing, DuPont is accelerating its ability to deliver innovations that will improve the lifetime and efficiency of photovoltaic modules. Photovoltaic technology is in its infancy and the opportunities in this market are extensive. We are investing in greater production capability to help keep pace with the fast rising global demand.’

DuPont expects the market to grow by double digits over the next few years, driving demand for existing and new materials that are more economically-friendly. The market is currently estimated at $30bn but is anticipated to rise to $70bn by 2013, according to a company statement.

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Tags: photovoltaic, solar

This story was published on Thursday, March 19th, 2009 at 11:08 am and is filed under North America, companies, solar. You can follow any responses to article entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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