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Article: Government Subsidies Vital in Making Solar Power Technology Price-Competitive.
- Article from:
- Business Wire
- Article date:
- January 27, 2004
CopyrightCOPYRIGHT 2004 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Energy Editors/Business Editors
PALO ALTO, Calif.--(BUSINESS WIRE)--Jan. 27, 2004
The commercialization of solar power, despite its technical capabilities, has yet to take off successfully largely in part due to the government's unclear stand on subsidies and regulations. Solar power producers will require substantial federal backing if they are to match prices of fossil fuel-powered, on-grid applications.
New analysis from Frost & Sullivan (www.energy.frost.com), North American Solar Power Markets, reveals that this market generated revenue of $499.0 million in 2002. Total market revenue is expected to reach $4.24 billion in 2009.
The ...