Eric Wesoff of Green Tech Media reports on their projection that well over 10 gigawatts of solar cells will be installed in 2010.
In 2010, we will cross the threshold of 10 gigawatts of photovoltaic solar installed globally in a single year -- a record-setting and once-inconceivable number.
Rewind to ten years ago: the total amount of photovoltaics installed in the year 2000 was 170 megawatts. Since then, the solar photovoltaic industry has grown at a 51 percent annual growth rate, and 170 megawatts is now the size of a healthy utility installation or a small solar factory.
Contrast that with 200 gigawatts of wind installation this year. Wind continues to far surpass solar power due to lower costs.
Total new solar installations for 2010 will be around 11 gigawatts. By contrast, 7 gigawatts of solar was installed in 2009. This increase is partly driven by government policies around the world. But the rapid decline in solar photovoltaic (PV) module costs by about half from late 2008 till today also lowers the threshold for profitable solar projects.
Suntech Power VP Andrew Beebe says SunTech has a single manufacturing building in China which will have the capacity to produce 1 gigawatt of PV per year.
We have a building (that's one building!) in China that this year should be capable of cranking out one gigawatt of product per year. I think that's larger than the entire industry's capacity ten years ago.
Solar's got one big advantage over wind: electric power demand is strongest (and wholesale electric power spot market prices are highest) when the sun shines. Solar's output profile peaks earlier in the day than overall electric power demand. But solar's power output peak is much closer to peak demand than wind's night time output peak. Therefore solar doesn't have to be as cheap per kilowatt-hour to compete against wind.
http://www.futurepundit.com/archives/007250.html