Getting Ahead in the Solar Energy Market

In the past few years, solar energy has come a long way with the development of affordable and clean solar technologies which will provide huge long term benefits.

Jacksonville FL 32254, United Kingdom (prHWY.com) November 6, 2012 - Solar energy has huge global advantages. It reduces pollution, lower the costs of mitigating climate change, and keep fossil fuel prices lower than otherwise. Due to these advantages, the solar energy companies are now struggling with significant oversupply and rapid decline in prices. Each company is trying to become the next top player.

But what do policy makers do to ensure that the top players are located around in their country? World Resources Institute (WRI) suggests that policymakers are playing an important role in ensuring that the private sector is building a robust solar industry. According to WRI, they have stats of not only who is drawing the most investment (the US and China) but who has the largest industries and the lowest domestic costs for solar Photovoltaic.

The results show that China and Germany sustains the lowest domestic cost for solar power systems. They have the largest scales of annual deployments. Thus the relatively low and declining solar system prices are fuelling further deployment and this, in turn, is helping their domestic solar industries to continue to reduce costs and make it more affordable.

As a National Solar Mission is undertaken by India, the prices are supposed to be falling and installations are largely on schedule. But still it is difficult to develop a world-class manufacturing capacity. The strategies of the past successes may provide a sound guide, but given the rapidly changing landscape, India, like other countries, will also have to improvise and experiment to find their own road to success.

For more information on Solar Energy, visit www.solarenergy.com

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Tag Words: solar energy panels

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