World Solar Cells and Modules Market

World Solar Cells and Modules Market

This report analyzes the worldwide markets for Solar Cells and Modules in Millions of US$. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Middle East, and Latin America. Annual forecasts are provided for each region for the period of 2001 through 2015. A ten-year historic analysis is also provided for these markets with annual market analytics. The report profiles 82 companies including many key and niche players worldwide such as BP Solar, ersol Solar Energy AG, EniPower S.p.A., GE Energy, Global Solar Energy, Inc., Isofotón, Kaneka Solartech, Kyocera Solar Corporation, Mitsubishi Heavy Industries, Photowatt International, Q-Cells AG, SCHOTT Solar, Sanyo Electric Company, Sharp Corporation, Sharp Electronics, SolarWorld AG, and United Solar Ovonic LLC. Market data and analytics are derived from primary and secondary research. Company profiles are mostly extracted from URL research and reported select online sources.

SOLAR CELLS AND MODULES MCP-1075
A GLOBAL STRATEGIC BUSINESS REPORT


CONTENTS


I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS

Study Reliability and Reporting Limitations I-1
Disclaimers I-2
Data Interpretation & Reporting Level I-2
Quantitative Techniques & Analytics I-3
Product Definitions and Scope of Study I-3
Solar Cells I-3
Solar Modules I-3
Scope I-3


II EXECUTIVE SUMMARY

1. Market Dynamics II-1
Overview II-1
Highlights II-1
Trends and Issues II-2
Solar Energy: Riding on GREEN Strength II-2
Solar: A Part of the Energy Mix Portfolio II-3
Increasing Demand for Clean Energy to Drive Solar Cell
Equipment Market II-3
Price Trends in the Solar Module Retail Market II-3
Retail Cost of Electricity from PV System Hinders
Commercialization II-4
Advancements in Polysilicon & Metallurgical Silicon Upgrades
to Play a Key Role II-4
World Solar Industry Exhibits Robust Growth II-4
Solar Cells Market - An Overview II-5
Table 1: World PV Cell Market (1996-2006): Production by
Country for Japan, Europe, US and Rest of World in MW
(includes Corresponding Graph/Chart) II-6

Table 2: Worldwide Production Share of Solar Cell (2006):
Percentage Breakdown by Major Regions - Japan, Europe, US,
and Others (includes Corresponding Graph/Chart) II-6

Table 3: Worldwide Solar Cell and Module Market (2006):
Production and Production Capacity by Major Regions - US,
Japan and Europe (Production in MW, Production Capacity in
MW/Year) (includes corresponding Graph/Chart) II-7

Table 4: Cumulative Solar Electricity Capacities by Region
for Japan, Europe, US and Others for 2000, 2010, 2020 & 2030
(In MW) (includes corresponding Graph/Chart) II-7

Table 5: Select International Targets for Solar
Photovoltaics II-7
Incentive Programs Drive PV Systems Installations II-8
Photovoltaic Sector Exploring New Options II-8
An Outline of the Changing Dynamics II-8
North America to Garner Larger Share of the Photovoltaic Market II-9
Japan Leads the Global Solar Market II-9
Germany Emerges as the European Leader II-9
Table 6: Leading Countries in the Worldwide Solar Power
Market (2004-2006): Cumulative Installed PV Power for
Germany, Japan, USA, Spain, Australia, Netherlands, Italy,
France, South Korea and Switzerland in MW (includes
corresponding Graph/Chart) II-10

Table 7: Leading Countries in the Worldwide Solar Power
Market (2004-2006): Installed PV Power in Calendar Year for
Germany, Japan, USA, Spain, South Korea, Italy, France,
Australia, Austria and Netherlands in MW (includes
corresponding Graph/Chart) II-10
Spanish Photovoltaic Sector Thrives on Higher Feed-in Tariff II-11
Major Photovoltaic Power Plants II-11
Table 8: Major Photovoltaic Power Plants in the World
(includes corresponding Graph/Chart) II-11
Developing Countries: Biggest Potential II-11
Taiwan and China Gain Visibility on the Global Landscape II-12
Economics of Solar Energy: A Feasibility Study II-13
Solar Competitiveness II-13
Rising Ecological Economy Spurs Solar Market II-13
Growing Energy Demands: Option Sun II-14
Increasing Pollution Levels: Ringing Alarm Bells II-14
Solar Photovoltaic Cells: Vying for Viability II-14
A Turnaround in Fortunes Lurking Just Around the Corner II-15
Government Participation: Providing a Helping Hand II-15
Tax Concessions and Incentives: Giving Impetus to the Market II-16
Remote Industrial and Habitational Markets: Putting the
Solar Industry in Overdrive II-16
Semiconductor Based Solar Cells Ready for Terrestrial Invasion II-17
Crystalline Silicon PV Systems: Here to Stay II-17
Non-Si Solar Cells Market Continues to Grow II-17
Thin Film Technology: Gaining Ground II-18
Table 9: World Solar Cells Market (2005 & 2010): Percentage
Breakdown of Volume Share of Solar Cells by Type -
Traditional and Non-Traditional II-18
Prepackaged Systems: Heralding the Plug ‘n’ Play Era II-19
A Focus on Production and Installed Capacity II-19
Renewable Energy Technologies: The Road Ahead II-19
Capacity Expansions: Order of the Day II-19
Table 10: Worldwide Production Capacity Increases by
Companies: 2005-2006 (Includes Corresponding Graph/Chart) II-20
Competitive Landscape II-20
Table 11: Leading Players in the Global Solar Cells Market
(2006)- Percentage Breakdown of Solar Cells Production for
Sharp, Q-Cells, Kyocera, Suntech, Sanyo, Mitsubishi Electric,
Motech, Schott Solar, BP Solar, Deutche/Shell and Others
(includes Corresponding Graph/Chart) II-21

Table 12: Leading Producers of Solar Cells Worldwide (2004):
Production Capacity Estimates for Sharp, Kyocera, Mitsubishi
Electric, Q-Cells, Sanyo, Shell Solar, Sanyo, RWE Schott
Solar, Isofoton, Motech, and Others (includes Corresponding
Graph/Chart) II-21

Table 13: Leading Players in the Global Solar Module Market
(2004 & 2005): Percentage Breakdown of Production for Sharp,
Kyocera, Shell Solar, Mitsubishi Electric, Sanyo, Isofoton,
MSK, BP Solar, Solon, SMD, Photowatt International and Others
(In terms of MW) (includes Corresponding Graph/Chart) II-22

Table 14: Leading Global PV/Cell Module Producers - Sharp,
Kyocera, BP Solar, Shell Solar, RWE Schott Solar, Mitsubishi
Electric, Isofoton, Sanyo, Q-Cells, SolarWorld, Motech,
Photowatt and Suntech: 2003-2005 (Production in MW)
(includes Corresponding Graph/Chart) II-23

Table 15: World PV Cell/Module Market (2003): Production by
Cell Technology for Japan, Europe, US and Rest of World II-23
Solar Cell Production Equipment Manufacturers II-24
CIS Solar Cell Producers II-24

2. Product Overview II-25
Introduction II-25
Sunlight - A Reliable Source of Energy II-25
Limitations of Solar Cells II-25
The Nitty-Gritty II-25
Definition II-25
From Becquerel to Fuller - The Background II-26
Designing of Solar Cells II-26
Working of a Solar Cell II-26
Elements of a Solar Photovoltaic System II-27
Solar Modules II-27
Charge Regulators II-27
Batteries II-27
Inverters II-27
Mounting Structure II-28
Wiring/Interconnects II-28
Backup Generator II-28
Types of Solar Cells and Modules II-28
A Sophisticated Technology Backed by Simple Basics II-28
Crystalline Solar Cells II-28
Single Crystalline Silicon Cells II-29
Poly Crystalline Silicon Cells II-29
Thin Film Solar Cells II-29
Advantages of Thin Film Solar Cells II-29
A Peek into the Market’s Buzzing Activities II-30
A Technical View of Different Thin Film Technologies II-30
Copper Indium Diselinide (CIS)-based Solar Cells II-30
CuInSe2-based Solar Cells II-30
a-SiH-based Solar Cells II-31
CdTe-based Solar Cells II-31
Amorphous Silicon Cells II-31
Sunlight Exposure: Effect on Amorphous Silicon Cells II-31
Gallium Arsenide Cells II-32
Cadmium Sulphide/Copper Indium Diselenide (CdS/CulnSe2) II-32
Cadmium Sulphide/Cadmium Telluride (CdS/CdTe) II-32
Table 16: Comparison of Different Types of Solar Cells II-32
Electrochemical Solar Cells II-32
Solar Cell Technologies II-33
First Generation II-33
Second Generation II-33
Third Generation II-33
Comparison of Different Generations of PV Technologies II-34
Photovoltaic Panels II-34
Categories II-34
Low Voltage/Low Power Panels II-34
Small Panels II-34
Large Panels II-34
Tracking II-35
Concentrators II-35
Laser Grooved Buried Grid (LGBG) Cells II-35
Arrays II-35
Power Availability Determinants in PV Devices II-36
Hybrid Systems II-36
Solar + Wind Hybrid Systems II-36
Thermophotovoltaics (TPV) II-37
Solar Electricity: Advantages and Disadvantages II-37
Raw Materials and Production Process II-38
Semiconductor Materials Used II-38
Aluminum: The Best Back Plane Material II-38
Solar Cell Production Process II-38
Solar Power Applications II-39
Space II-39
Building Integrated PV (BIPV) II-39
Corrosion Protection II-39
Electric Fences II-40
Remote Lighting Systems II-40
Telecommunications II-40
Solar Water Pumping II-40
Photovoltaic Electricity II-41
Rural Electrification II-41
Portable Light II-41
Water Treatment Systems II-41
Grids II-42
Non-Grid Connected Systems II-42
Remote Industrial Applications II-42
Consumer Applications II-42
Stand Alone/Remote Habitation II-42
Grid Connected Systems II-42
Consumer Electronics II-42
Residential Photovoltaic Systems II-43
Hot Water II-43
Portable/Emergency Power Systems II-43
Emergency Medicines Storage II-43
Aeration Systems II-44
Tourist & Holiday Homes II-44
Industrial/Commercial Consumption II-44
Central Power Stations II-44
Other Applications II-44
Photovoltaic Applications II-45
Related Products and Technologies II-45
Storage Devices II-45
Batteries II-45
Power Conditioning Equipment II-45
Inverters II-45
Auxiliary Power Systems II-45
Solar Thermal Generating Systems II-45
Collector Systems II-46
Amonix Inc’s PV Concentration System II-46
Solar Hot Water Heating Equipment II-46
Active Systems II-46
Space Heating II-46
Solar Powered Lasers II-46
Distribution / Sales Channels II-47

3. Technological Developments II-48
EPIR and Sunovia Expedite Development of New Solar Cell Materials II-48
Peccell Develops Technology to Produce High-Voltage DSC Modules II-48
CV21 Develops Cost Effective Solar Cell Production Methods II-48
Durham University to Develop New Solar Cells II-48
Dow Corning Develops the Latest Solar Grade Silicon Material II-48
BP Solar Develops Mono2 II-49
Cadmium Telluride Based Solar Cells Get a Shot in the Arm II-49
Japanese Bendable Zinc Oxide Solar Cell with an Efficiency of 5% II-49
Nippon Oil Develops Organic Solar Cells with 1.5% Efficiency II-49
CIGS Solar Cells: Focus on Tackling Drawbacks II-50
Nanotechnology: A Possible Promising Option II-50
Organic Solar Cells Gain Emphasis II-50
Clare Develops New High Voltage Solar Cell II-50
Solar Cells from Nanotube Hybrids II-50
Berlin Institute Develops Ultra Thin Solar Cell II-51
Showa Denko Develops Flexible Solar Cells II-51
New Dye Sensitized Solar Cell II-51
Sekisui Jushi, and SunPower Develop Highly Efficient Solar Cell II-51
German Researchers Develop New Process II-52
New Transparent Solar Cell Developed II-52
Duebendorf Develops Solar Drinking Water System II-52
Heraeus Develops PV Coating Material II-52
LBNL Discovers Hope for Superior Solar Cells II-52
ANU and Origin Energy Produce Economical Solar Cell II-53
Kaneka Develops New Solar Cell II-53
AIST Joins Forces with HBL to Develop High Efficiency Solar Cell II-53
South Korean University Develops SiN Films II-53
ATS Automation Develops New Technology II-53
University of California Develops Plastic Solar Cells II-54
Silicon Films Through Vapor Deposition Process II-54
Berkeley Lab and UCB Join Forces to Develop New Hybrid Solar
Cells II-54
Lawrence Berkeley Scientists Create Plastic-based Solar Cell II-54
Vanderbilt University Finds Applicability of Diamonds in
Solar Cells II-54
Lunar Power Up: Solar Power Generation Through Thin Film PV II-55
‘Edge-Defined Film-Fed Growth Technique’ II-55
SolarFlex Develops New Solar Cell Technology II-55
Sandia Develops New Semiconductor Alloy for Solar Cells II-55
Japan’s NIMCR Develops Pigment-Based Solar Cells II-56
Toshiba Develops Electrolyte Material for Organic Solar Cells II-56
Research/Studies II-56
NREL: Funding Solar Research II-56
Fraunhofer Institute: High Efficiency Solar Cells/Modules
for Mobile Applications II-56
Institute of Photovoltaics: New Technology to Manufacture
Cost Effective PV Modules II-57
University of California: Nanomaterial Technology II-57
University of Arizona: Organic Thin Films II-57
CIS-Solartechnik: Copper Based Solar Cells II-57

4. Environmental /Regulatory Scenario II-58
Renewable Energy Environment II-58
Table 17: Energy Usage Growth Rates: Historic Data for 1995-
2001 II-58
The UN Summit for Sustainable Development II-58
Solar Electricity and Environment II-58

5. Product Developments/Launches II-60
Kyocera Unveils New KD Modules II-60
SunPower Unveils World’s Most Efficient Solar Cell II-60
Mitsubishi Unveils Multicrystalline Si Solar Cell II-60
Peccel Unveils World’s Largest Dye-sensitized Cell II-60
China Sunergy Unveils Selective Emitter Solar Cell II-60
Evergreen Introduces Powerful 195W PV Panel II-61
Suntech Launches New Solar Module II-61
Solar Semiconductor Unveils High Quality PV Modules II-61
IMEC Develops High Efficiency Silicon Solar Cells II-61
University of Delaware Develops Solar Cell with Record
Efficiency II-61
Suntech Announces Launch of Solar Modules II-62
Lumeta Introduces Low-Slope Solar Product Range II-62
Microsemi Rolls Out Compact Power Modules II-62
Schott Launches New BIPV Modules II-62
Conergy Introduces Conergy PowerPlus II-63
DRI Energy Rolls Out New Roof Integrated Solar Product Range II-63
Trina Solar Introduces Solar Photovoltaic Cell Range II-63
SunWize Launches Solar Modules for Remote Site Power II-63
Honda Soltec Launches Thin Film Solar Cell II-63
University Researchers Introduce Organic Solar Cell II-63
Solar EnerTech Announces Launch of First Solar Modules and
SolarE Brand II-64
Sharp Rolls Out Two Novel Thin-Film Solar Modules II-64
SunPower Introduces Solar Panel with High Efficiency and Power II-64
Spire Corporation Introduces GaAs-based Solar Cells II-64
Spire Corporation Unleashes Solar Cell Manufacturing Line II-65

6. Recent Industry Activity II-66
Solar Thin Films Acquires Stakes in CG Solar II-66
Applied Materials Completes Baccini Acquisition II-66
Quantum Fuel Systems Acquires Equity Interest in ASOLA II-66
Centrotherm photovoltaics AG to Acquire GP Solar II-66
Suntech Power to Acquire Minority Stake in Nitol Solar II-67
Webel-Sl to Acquire Micro Power II-67
WorldWater & Solar Technologies Merges with ENTECH II-67
Sunvim Group to Form Joint Venture with Aleo Solar II-67
SolarTec Inks Joint Venture Agreement with Sumec and Other
Companies II-67
Sharp Corp to Set Up Joint Venture with Tokyo Electron II-68
EPIR and Sunovia to Collaborate with The Swiss Federal Institute II-68
ersol Thin Film Collaborates with SCHOTT II-68
Motech and Solar Semiconductor Enter into Partnership II-69
Synova Joins Research Alliance for Solar Energy Systems II-69
Qimonda Enters into Agreement with Centrosolar II-69
SOLON to Obtain Solar Cells from ARISE II-69
Mitsubishi to Expand PV Module and Cell Manufacturing Capacity II-69
Quantum Fuel Systems and Asola to Expand Solar Module Plant
Capacity II-70
Evergreen Solar Commences Production Capacity Expansion II-70
Webel to Expand PV Production Capacity II-70
Q-Cells Extends Agreement with aleo solar AG II-70
SolarTec Inks Licence Contract to Distribute Telefunken Solar
Products II-70
ENN Solar Energy Enters into an Agreement with E-Village II-71
Spire Corporation Enters into a Contract with Jiangxi Gemei II-71
LDK Solar Inks 10-year Contract with Moser Baer II-71
Yingli Green Inks Polysilicon Supply Deal with DC Chemical II-71
Yingli Green Inks Two Polysilicon Supply Deals with DC Chemical II-72
Suntech Power Inks Agreement with Hanau Energies II-72
Suntech Power Inks Supply Agreement with Enerray II-72
Sunovia and EPIR Technologies Sign Agreement with NASA II-72
ICP Solar Technologies Inks Development Deal with Ascent
Solar Technologies II-72
Asola Wins Contract from Krannich Solar II-73
Motech Inks Agreement with DC Chemical II-73
Akeena Inks production partnership with Kyocera II-73
Dow Building Selects Global for SAI Project II-73
United Solar Enters into Agreement with AirTec II-74
United Solar Inks Solar Laminates Supply Deal with Itochu II-74
SCHOTT Signs Five-Year Agreement with Saclima II-74
Canadian Solar Enters into Supply Contracts with JSGC and Others II-74
Braggone Inks Agreement with Beneq II-75
Recurrent Energy Enters into Agreements with Solar Module
Suppliers II-75
LDK Solar and Neo Solar Enter into Long-Term Supply Contract II-75
SunPower Inks Two Agreements in Saudi Arabia II-75
ReneSola Signs Wafer Supply Agreements with Two Solar Cell
Manufacturers II-75
Suntech Power Supplies Solar Modules to Belgium’s Town Hall II-76
Sharp Corporation to Establish a Thin-Film Solar Cell
Facility in apan II-76
SunPower to Establish Fabrication Facility for Solar Cells II-76
Global Opens New Production Facility II-76
SCHOTT Breaks Ground for New Mexico Facility II-76
Q-Cells to Set Up New Plant in Malaysia II-77
SolarWorld AG to Establish a Solar Module Unit II-77
Sunfilm AG to Establish Second Applied SunFab Thin Film Line II-77
NanoPV to Commence Operations of Its Solar Cell Plant in New
Jersey II-77
Ameresco Acquires Southwest Photovoltaic Systems II-77
ECOtality Acquires Innergy Power Corporation II-78
Hydro Acquires Additional stake in Ascent Solar Technologies II-78
SolarWorld Acquires the Hillsboro Facility of Komatsu II-78
SunPower Takes over PowerLight II-78
SunPower to Take Over Solar Solutions II-79
Innovative Systems Takes Over ICP Solar Technologies II-79
Interactive Games to Take Over Nuvo Solar Energy II-79
Solon Acquires an Additional Shareholding in Blue Chip Energy II-79
Tempe’s Amtech Completes Acquisition of R2D Ingenierie II-79
Preformed Line Products Acquires Direct Power and Water
Corporation II-80
ICP Solar Technologies to Take Over Solar Supplier of California II-80
MBPV Acquires 40% Equity Stake in Solarvalue II-80
Delta NV Acquires 90 Percent of Solland Solar II-80
GE Energy to Acquire Stake in PrimeStar Solar II-81
Solaria to Take Over Solar Cells Capacity of Gintech II-81
NuEdison and SV Solar Merge II-81
CENTROSOLAR Group Companies Merge to Form Centrosolar Ag II-81
Q-Cells, Calyxo and Solar Fields Merge to Form Calyxo USA Inc II-82
SunWize Completes GenSelf Merger II-82
Q-Cells AG Increases Stake in Solaria Corporation II-82
Westerns Solargenics and Solon America Announce Cooperation
Agreement II-82
CentroSolar Inks Joint Venture with Pohlen Bedachungen II-83
Solar World AG to Form Joint Venture with Solar Park Engineering II-83
Webel Enters into a Joint Venture with European PV Cell Company II-83
Energy Conversion Signs Joint Venture with Tianjin Jinneng II-83
Wacker and Schott to Form a Joint Venture II-84
NSTDA to Form Joint Venture with a Private Company to Export
Solar Cells II-84
Evergreen Announces Alliance with NSTAR II-84
Sunwell Partners with Oerlikon to Quicken Solar Cell Mass
Production II-84
Moser Baer Signs Partnership Agreement with Applied Materials II-84
ersol Enters into Partnership with Crystal, Day4Energy and
Roth & Rau II-85
Tano China Capital Affiliates Enter into Three-Way Alliance II-85
HelioVolt and Exeltech Collaborate to Commercialize Solar
Energy Generation II-85
Photowatt Collaborates with Japanese Firms for Spheral Solar™
Technology II-85
Emcore Signs MoU to supply and Install Solar Power Systems II-86
Sumitomo Enters into Partnership with Solargiga Energy Holdings II-86
Open Energy Inks LOI with Suntech America for BIPV Products II-86
Solon to Expand Production Capacity II-87
XL Telecom to Expand Capacity of Solar Modules Plant II-87
Fuji Electric Systems to Increase Annual Production of Solar
Cells II-87
Solland Solar to Expand Cell Production Capacity II-87
Kyocera Plans to Double Annual Solar Modules Production Capacity II-87
Sharp to Increase Thin-Film Solar Cell Production II-87
ersol Solar Inks Agreement with Silicon Valley Solar II-88
SunPower and Jiawei Pens a Supplying Agreement II-88
Hewlett-Packard Enters into a Contract with SunPower II-88
MEMC Electronic Inks a 10-year Definitive Agreement with Conergy II-88
Yingli Green Inks Agreement with Aplicaciones Técnicas II-88
Yingli and Wacker Ink Polysilicon Supply Agreement II-89
Yingli Green Energy Inks New Supply Deal with Wacker Chemie AG II-89
Motech Enters into PV Cell Supply Agreement with SPI II-89
Suntech to Supply Solar Modules to San Francisco
International Airport II-89
United Solar and EDF Energies Sign Agreement for Supply of
Thin Film Laminates II-90
United Solar and SunEdison Enter into Supply Agreement II-90
United Solar Inks Deal with Advanced Green Technologies II-90
Solar Integrated Bags Solar Power Project in Italy II-91
Solar Integrated Bags Contract for BIPV Solar Project II-91
Evergreen Signs Supply Agreement with DC Chemical II-91
Open Energy Signs Open Purchasing Agreement with Motech II-91
ersol Inks Agreement with Swiss Solar II-91
Solar Semiconductor Signs a Long-term Contract with Q-Cell II-92
China Sunergy Signs an Agreement with Aleo Solar II-92
Solar Semiconductor Inks Agreement with ersol Solar Energy II-92
Solon Inks Supply Contract with ersol II-92
SOLARIG Signs an Agreement with Leading Technological Partners
in China II-93
Canadian Solar Signs Contract with pro solar Solarstrom II-93
Silicon Valley and Gebäude-Solarsysteme Sign Agreement for
Sol-X™ Modules II-93
Solarfun Signs Supply Agreement with UB Garanty for
Photovoltaic Modules II-93
Canadian Solar and Amur Energy Sign Agreement II-93
PowerLight Inks an Agreement with JingAo II-94
Ecostream Signs Agreement with Solarfun II-94
Pacific Power Inks Agreement with Mitsubishi Electric for PV
Modules II-94
Evergreen Signs an Extended Sales Agreement with SunEdison II-94
JA Solar Enters into a Solar Cell Supply Contract with
Canadian Solar II-95
Trina Solar and Q-Cells Sign Solar Cell Agreement II-95
Silicon Valley Inks an Agreement with Conergy for Sol-X
Technology II-95
Ascent Solar Bags Contract from US DOE National Laboratories II-95
Day4 Energy Selects Conergy as Channel Partner II-96
ICP Solar and Shanghai Electric Sign Supply Agreement II-96
LDK Solar Inks Contract to Supply Solar Wafers II-96
Canadian Solar and Gintech Energy Sign Supply Contract II-96
Canadian Solar Inks Sales Contract with City Solar II-96
IBC Solar Signs Supply Contract with ersol Solar II-97
EVP Solar Signs Supply Contract with unlimited energy GmbH II-97
Trina Solar and EniPower Enter into Sales Agreement II-97
aleo solar Signs Agreement with a+f GmbH II-97
Yingli Green Bags Sales Contract from Control y Montages II-97
LDK Solar and Canadian Solar Sign Wafer Supply Contract II-98
IXYS Corp. Enters into Distribution Deal with Arrow Electronics II-98
China Sunergy Inks Agreement for Supply of Solar Cells to Asola II-98
GE to Supply Solar Modules to IBERDROLA II-98
XinAo Group Enters into Contract with Applied Materials II-98
ersol Solar Energy Signs Supply Agreement with ASOLA II-99
Canadian Solar to Deliver 60MW Solar Modules for City Solar’s
Spanish Project II-99
Canadian Solar Signs Purchase Agreements with China Sunergy II-99
Neo Solar Power Secures Solar Module Supply Order from
Scheuten Solar II-99
Prism Solar Bags Contracts from NYSERDA to Develop PV Modules II-99
Oerlikon Solar Signs Contract with CMC Magnetics II-100
First Solar Signs Five Agreements for Supply of Solar Modules II-100
Trina Solar Signs New Photovoltaic Supply Agreements in Europe II-100
Canadian Solar Inks a Contract II-100
First Solar Inks Supply Deal for Solar Modules II-101
Solar EnerTech and Sky Solar Enter into a Sales Contract II-101
United Solar Ovonic Signs Long Term Supply Deal with Enfinity
Management II-101
Q-Cells Enters Inks Multi-Year Supply Deal with Elkem Solar II-101
United Solar Ovonic Bags Two Orders from Unimetal II-101
Suntech Enters into an Agreement with Wuxi Airport II-101
Premier Enters into Supply Agreement with SCHOTT II-102
Suntech Power Sets Up European Subsidiary II-102
SE Asian Majors to Set up JV Facility for Solar Cells in West
Bengal II-102
SOLON AG Establishes SOLON America Corporation II-103
Q-Cells Inaugurates New Solar Cell Plant II-103
Cleantech America to Build the Largest Solar PV Facility II-103
Global to Establish Thin-Film Solar Cells Plant in Germany II-103
BP Solar to Establish Module Assembly Factory II-103
Evergreen Breaks Ground for Massachusetts Facility II-104
Kyocera to Open a Photovoltaic Modules Power Solar Electric
Facility II-104
Sumco to Setup a New Facility at Saga Prefecture II-104
Nanowin Initiates Establishment of a Thin-Film Solar Cell
Facility II-104
Genesis Energy to Establish Solar Cell Facility II-105
Showa Shell to Increase Solar Cell Capacity II-105
ersol Solar Cells Opens Solar Cell Production Plant in Germany II-105
SunPower Opens Second Solar Cell Fabrication Unit II-105
Sharp to Commence Solar Cells Operations in India II-105
Titan Energy to Set up Solar Cell Production Facility II-106
Yingli Green Completes Phase I of Production Expansion Plan II-106
Signet Solar to Produce Thin-Film Modules II-106
Odersun Inaugurates First Commercial Solar Plant II-106
Tata BP Solar Opens 36MW Solar PV Manufacturing Line in India II-107
Sunwize Inaugurates Production and Distribution Facility in
California II-107
Kenmos to Commence Thin-film Solar Cell Volume Production II-107
LDK Solar Begins Construction of Polysilicon Production Facility II-107
Canadian Solar Inaugurates New Production Facility II-107
Nexpower Commences Plant Construction II-108
Suntech Begins Construction of Thin Film R&D and Production
Plant in Shanghai II-108
Sunfilm AG Begins Construction of New Production Facility II-108
ARISE Technologies Commences Construction of PV Cell Facility II-108
EverQ Builds Second Solar Panel Plant II-109
First Solar Initiates 120MW Solar Module Production Facility II-109
SCHOTT Commences Production of Thin-films II-109
PV Crystalox Launches Production Facility for Solar Grade
Silicon II-109
Sanyo to Set Up Advanced Photovoltaics Development Center II-109
Schott Solar to Build New Photovoltaic Facility in the US II-110
QS Solar Launches Solar Cell Production Project II-110
SANYO to Restructure Shiga Plant and Establish HIT SCM Facility II-110
NEPC to Enter the Solar PV Module Market II-111
First Solar to Construct Production Facility in Malaysia II-111
SolarTec Plans to Establish Plant in Singapore II-111
Equation Corporation to Build Thin Film Production Facility II-111
Schueco to Manufacture Ultra Thin Solar Modules II-111
Kyocera to Build its Second Solar Module Manufacturing Facility II-112
Applied Materials Launches SunFab™ Thin Film Line II-112
ICP Solar Sells Majority Stake in its UK Subsidiary to ISE Solar II-112
SolarWorld to Divest Interest in GPV to Borevind II-113
Suntech Completes MSK Corporation Acquisition II-113
Legend Investment to Acquire Stake in GiraSolar II-113
ICP Solar Merges with FC Financial II-113
Centrosolar Completes Acquisition of Solarstocc AG and Biohaus II-114
SolarWorld Acquire Shell’s Solar Business Operations II-114
Solar-Fabrik Acquires Stakes in Solar Energy Power Pte Ltd II-114
Solon Purchases Stakes in Global Solar Energy Inc II-114
Kerself Purchases 70% Stakes in Helios Technologies II-114
Centrosolar Inks a Joint Venture Agreement with Jumao II-114
Isofotón Partners with ENDESA II-115
Premier Solar and SCHOTT Solar Enter into a Partnership II-115
Solibro Forms a Joint Venture with Q-Cells AG II-115
RoseStreet Labs and Sumitomo Chemical Enter into a Joint Venture II-116
Shell and Saint-Gobain Establishes Joint Venture for Solar
Panel Manufacturing II-116
Delta Electronics and DelSolar Sign MoU with ST Microelectronics II-117
Hitachi America and Prism Ink Cooperation Agreement II-117
Spire Signs a Contract with Hoku II-117
Evergreen Solar Signs Supply Deal with Mainstream Energy II-117
United Solar Inks Multi-Year Supply Agreements II-117
AE Signs Agreement with Motech II-118
Suntech Inks Purchase Agreement with Sunlight Group II-118
MSK Corporation Inks Supply Contract with ARISE Technologies II-118
Suntech Enters into a Supply Contract with Atersa II-118
Suntech Inks 5-Year Purchase Agreement for Silicon Wafer II-119
Suntech Inks New Research Agreement with UNSW II-119
Suntech Forms Shenzhen Subsidiary for Solar Power Grid
Integration Projects II-119
Suntech Power Forms Suntech America II-119
Solar-Fabrik to Start Wafer Production II-120
Sanyo Expands Solar Cell Facility II-120
ITRI to Build Taiwan's first PV Module Testing Center II-120
Solar EnerTech Corp Enhances Solar Cell Production Capabilities II-120
Johanna Solar Technology Injects €72 M in Solar Module Facility II-120
Scheuten Inaugurates a New Production Facility at Gelsenkirchen II-120
BP Solar to Invest for Capacity Expansion II-121
Q-Cells Acquires Additional Stakes in EverQ II-121
Hoku Scientific to Manufacture Solar Module II-121
ECD Ovonics Establishes 50MW Solar Cell Facility in Michigan II-121
REC Solar Inks Contract with Gamesa Solar II-121
Global Solar Signs Supply Agreement with American Capital Energy II-122
Suntech Enters into Contract with SunEdison for Supply of
Solar Modules II-122
Q-Cells Signs a Supply Agreement with PowerLight II-122
EU Announces Grant to FSM II-122
SolarWorld Expands Solar Modules Capacity II-122
Akzo Nobel Sells Helianthos Technology to Nuon II-123
Unaxis Solar, Schott Solar Enter into Solar Module Supply
Contract II-123
Schott Sets Up Thin-Film Solar Module Facility II-123
UMC Enters Solar Cell Business II-123
Kaneka Expands Solar Cell Output Up to 55 MW II-123
Mosel-Vitelic to Enter Solar Energy Business II-123
Emcore Bags Contract for High-Efficiency Solar Cell System
from DARPA II-123
PARC Partners SolFocus for Low-Priced Solar Energy Systems II-123
Mitsubishi Heavy Plans Solar Cell Unit in Nagasaki II-124
ersol Solar Energy to Foray Thin-Film Module Market II-124

7. Focus on Select Players II-125
BP Solar (UK) II-125
ersol Solar Energy AG (Germany) II-125
EniPower S.p.A. (Italy) II-125
GE Energy (US) II-125
Global Solar Energy, Inc (US) II-126
Isofoton (Spain) II-126
Kaneka Solartech (Japan) II-126
Kyocera Solar Corporation (Japan) II-126
Mitsubishi Heavy Industries (Japan) II-127
Photowatt International (France) II-127
Q-Cells AG (Germany) II-127
SCHOTT Solar (Germany) II-127
Sanyo Electric Company (Japan) II-128
Sharp Corporation (Japan) II-128
Sharp Electronics (US) II-128
SolarWorld AG (Germany) II-129
United Solar Ovonic LLC (US) II-129

8. Major Solar Cell and Module Companies/Brands II-130
Solar Module Companies/Brands II-130
Solar Cells and Module Companies/Brands II-130

9. Global Market Perspective II-131
Table 18: World Recent Past, Current & Future Analysis for
Solar Cells and Modules by Geographic Region- US, Canada,
Japan, Europe, Asia-Pacific (excluding Japan), the Middle East
and Latin America Independently Analyzed with Annual Sales
Figures in US$ Million for Years 2001 through 2010 (includes
corresponding Graph/Chart) II-131

Table 19: World Long-term Projections for Solar Cells and
Modules by Geographic Region - US, Canada, Japan, Europe,
Asia-Pacific (excluding Japan), Middle East and Latin America
Markets Independently Analyzed with Annual Sales Figures in
US$ Million for Years 2011 through 2015 (includes
corresponding Graph/Chart) II-132

Table 20: World Historic Review for Solar Cells and Modules
by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific
(excluding Japan), the Middle East and Latin America Markets
Independently Analyzed with Annual Sales Figures in US$
Million for Years 1991 through 2000 (includes corresponding
Graph/Chart) II-133

Table 21: World 15-Year Perspective for Solar Cells and
Modules by Geographic Region - Percentage Breakdown of Dollar
Sales for US, Canada, Japan, Europe, Asia-Pacific (excluding
Japan), the Middle East and Latin America Markets for Years
1998, 2008 & 2012 (includes corresponding Graph/Chart) II-134


III. MARKET

1. The United States III-1
A.Market Analysis III-1
Introduction III-1
US Solar Market III-1
Table 22: US Solar Market - Shipments of PV Cells and
Modules (2004-2006): Percentage Share based on Peak
Kilowatts Shipped III-2

Table 23: US Solar Market - Shipments of PV Cells and
Modules (2004-2006): Percentage Breakdown by Type - Single
Crystal, Cast and Ribbon, Thin-Film Silicon, Concentrator
Silicon (Percentage share based on kWp shipped) (includes
corresponding Graph/Chart) III-2

Table 24: US Solar Market - Distribution of PV Cells and
Modules (2004-2006): Percentage Breakdown by Channel -
Installers, Wholesale Distributors, Module Manufacturers,
Retail Distributors, Exporters, End-Users and Others
(Percentage share based on kWp shipped) (includes
corresponding Graph/Chart) III-2

Table 25: PV Cell Production in the US: 1997-2006 (in MWp)
(includes corresponding Graph/Chart) III-3

Table 26: Leading North American PV/Cell Module Producers -
SunTech, SunPower, Evergreen Solar, Photowatt (ATS), and
Uni-Solar (ECD): 2006 (Production in MW) (includes
corresponding Graph/Chart) III-3

Table 27: Cumulative Installed PV Power in the US by
Application - Off-Grid Domestic, Off-Grid Non- Domestic,
Grid-Connected Distributed and Grid-Connected Centralized
for 2006 (In kW) (includes corresponding Graph/Chart) III-3

Table 28: Cumulative Installed PV Power in the US by
Application: Historic Data for 1992-2001 (In kW) (includes
corresponding Graph/Chart) III-4

Table 29: US Energy Generation by Source - Historic Data
for 2000 - Coal, Nuclear, Natural Gas Petroleum and Other
Gases, Hydroelectric Power, Renewable Energy (includes
corresponding Graph/Chart) III-4
Thin-Film Photovoltaic Cell Revs up the Engine of Growth III-4
Imports & Exports Scenario III-5
Table 30: US PV Cells and Modules Market (2003-2006):
Imports and Exports in Peak Kilowatts (includes
corresponding Graph/Chart) III-5

Table 31: US Solar Market (2005 & 2006) - Exports of PV
Cells and Modules by Type - Crystalline, Thin Film Silicon,
and Concentrator Silicon (In kWp) III-6

Table 32: US Photovoltaic Cell and Module Market (2006):
Percentage Breakdown by Export Volume by Country for
Germany, Spain, Portugal, China, South Korea, Sweden,
Singapore, Hong Kong, India, Canada and Others (In kWp)
(includes corresponding Graph/Chart) III-6
Market Segmentation III-6
Building Integrated Photovoltaics (BIPV) III-6
Consumer Electronics III-7
Communications III-7
Non-BIPV Electricity Generation III-7
Transportation III-7
Table 33: US Cells and Modules Market (2006): Percentage
Breakdown of Crystalline Silicon, Thin-Film Silicon, and
Concentrator Silicon Cells and Modules Shipments by Market
Segment - Residential, Commercial, Industrial, Government,
Utility, Transportation and Other (% based on kWp shipped)
(includes corresponding Graph/Chart) III-8

Table 34: US Cells and Modules Market (2006): Percentage
Breakdown of Crystalline Silicon, Thin-Film Silicon, and
Concentrator Silicon Cells and Modules Shipments by
End-Use Segment - Electricity Generation (Grid Interactive
and Remote), Communications, Transportation, Cells/Modules
To OEM, Water Pumping, Consumer Goods and Others (% based
on kWp shipped) (includes corresponding Graph/Chart) III-8
Government Initiatives III-9
Promoting PV in the US: A Look at Various Government Programs III-9
Price Declines to Promote New Installations III-10
Factors Responsible for Falling Solar Module Prices III-10
Market Trends/Issues III-10
Grid Expansion: A Costly Affair III-10
Increasing Production Capacity: Positive Signs III-11
Utility Companies: Playing a Major Role III-11
The Future of PV III-11
The Blueprint III-12
DOE: The Fund Provider for PV Research III-12
PV Research in the US III-12
NREL’s Record Breaking Technology III-12
Product Launches/Innovations III-15
Strategic Corporate Developments III-16
Focus on Select Players III-27
Global Solar Energy, Inc III-27
Evergreen Solar III-27
GE Energy III-28
Sharp Electronics III-28
United Solar Ovonic LLC III-28
B.Market Analytics III-29
Table 35: US Recent Past, Current & Future Analysis for
Solar Cells and Modules with Annual Sales Figures in US$
Million for Years 2001 through 2010 (includes corresponding
Graph/Chart) III-29

Table 36: US Long-term Projections for Solar Cells and
Modules with Annual Sales Figures in US$ Million for Years
2011 through 2015 (includes corresponding Graph/Chart) III-29

Table 37: US Historic Review for Solar Cells and Modules
with Annual Sales Figures in US$ Million for Years 1991
through 2000 (includes corresponding Graph/Chart) III-29

2. Canada III-30
A.Market Analysis III-30
Solar Energy to Grow in Canada III-30
Table 38: Canadian Cumulative Installed PV Capacity- by
Application: 1997-2006 (In kW) (includes corresponding
Graph/Chart) III-30
End Use Market III-30
Equipment Market III-31
PV Technology: The Prospects III-31
The Barriers III-31
Government Initiatives III-31
Strategic Corporate Developments III-32
B.Market Analytics III-33
Table 39: Canadian Recent Past, Current & Future Analysis
for Solar Cells and Modules with Annual Sales Figures in US$
Million for Years 2001 through 2010 (includes corresponding
Graph/Chart) III-33

Table 40: Canadian Long-term Projections for Solar Cells and
Modules with Annual Sales Figures in US$ Million for Years
2011 through 2015 (includes corresponding Graph/Chart) III-33

Table 41: Canadian Historic Review for Solar Cells and
Modules with Annual Sales Figures in US$ Million for Years
1991 through 2000 (includes corresponding Graph/Chart) III-34

3. Japan III-35
A.Market Analysis III-35
Introduction III-35
Market Participants III-35
Table 42: Japanese PV Cell/Module Production by Companies:
1996-2003 (includes corresponding Graph/Chart) III-35

Table 43: Share of Leading Players in the Japanese PV
Market - Sharp, Kyocera, Sanyo, Mitsubishi Electric,
Kaneka, and Matsushita - Historic Data for 2001 (includes
corresponding Graph/Chart) III-36
Demystifying Japan’s Success in Solar Energy III-36
PV Production Scenario III-37
Japan in the Year 2004: A Self-Supporting & Subsidy-Free
Solar Market III-37
A Peek Into Two of Japan’s Erring Solar Giants III-37
Solar Projects III-38
Sunshine Projects: Making the Sun Shine in Japan III-38
GENESIS Project: World Wide Web of PV Power Generating
Systems III-38
The NEDO Contribution III-39
NEDO’s Research Contributions III-39
Development of Advanced PV Modules III-39
Super High-Efficiency Compound Solar Cells III-40
The METI Strategy III-40
Table 44: Public Budget Allocation in Japan (METI) in 2006
(includes corresponding Graph/Chart) III-41

Table 45: Japan’s METI Residential Solar Rooftop Program
Statistics: Historic Data for 1995-2001 (includes
corresponding Graph/Chart) III-41
Market Trends/Issues III-41
Grid Connected PV: Increasing Market Share III-41
Table 46: Installed PV Systems Breakup in Japan by
Application - Off-Grid Domestic, Non Domestic,
Grid-Connected Distributed and Centralized for 2006 (In
kW) III-42

Table 47: Installed PV Systems Breakup in Japan by
Application - Off-Grid Domestic, Non Domestic,
Grid-Connected Distributed and Centralized- 1994-2003
(includes corresponding Graph/Chart) III-42
Bridging the Gap Between Conventional and PV Power Tariffs III-42
Equipment Costs: The Core Issue III-43
Solar Companies Increasing Production III-43
Solar Products: A Common Scenario III-43
Product Launches/Innovations III-43
Strategic Corporate Developments