Mar 17 2009
DuPont expects to nearly triple its annual photovoltaic sales to more than USD 1 billion in 2012 based on strong fundamentals for long-term revenue growth in the photovoltaic solar energy market, combined with the company’s ability to deliver new technologies to the industry.
“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,” Dave Miller, group vice president, DuPont Electronic and Communication Technologies, said yesterday at the Jefferies 7th Global Clean Technology Conference in New York. “We also are investing in greater production capability to help keep pace with the fast-rising global demand.”
DuPont anticipates that the photovoltaic market will grow by double digits over the next several years, driving demand for existing and new materials that are more cost effective. The market size today is about USD 30 billion, and according to industry estimates, will increase to USD 70 billion by 2013.