Abstract
Research Overview
Fossil fuel supply and price fluctuation especially natural gas, in the last 8
months have taught most governments to look at solar photovoltaic not only as
a mitigator of green house gas but also as a source of steady distribution
power generation. This thought, has in fact, been driven hard by depletion of
some of the major global oil reserves such as the Greater Burgan Area of
Kuwait. Further, investments on alternatives such as solar photovoltaic system
are slowly becoming cheaper with return on investment averaging around 8 years.
This analysis focuses on the global solar photovoltaic market on a region vice
breakthrough emphasizing on market and policy factors and their impacts. The
solar photovoltaic industry has over the years, witnessed growth at nearly 35
percent largely due to incentive driven markets of Japan and Germany. Of late,
problems such as silicon feedstock shortage and fear of removal of incentive
programs have acted as major restraints for growth. However, despite these
fears, there has been a steady growth in demand mainly due to price and supply
vagaries of domestic electricity.
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