Solar Investments Soar

June/July 2005

2004 may be remembered as the 'watershed year' for solar energy, and 2005 may be an even better year, according to a report by the Progressive Investor. In 2004, shares of the world's 24 publicly traded solar power companies jumped by nearly 185 percent. Experts say the solar photovoltaics (PV) market will grow from $7 billion to $30 billion by 2010. Solar PV, with its annual growth rate exceeding 30 percent, is about to become 'one of the world's fast-growth, profitable' industries, according to the newsletter. Among the companies mentioned are Japan's Sharp, Germany's SolarWorld and U.S.-based Evergreen Solar.