DuPont expects solar photovoltaic sales to hit $1bn by 2012
19th 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.
Copyright © 2009 newnet
