Posts Tagged ‘federal stimulus funds’

Positive Solar Energy News

June 9th, 2009

maryland_solar_panels_blue_skyNEW YORK (Reuters) - The U.S. solar market is poised to triple next year as federal stimulus funds become available and access to financing for renewable energy projects is unfrozen, Suntech Power Holdings Co Ltd Chief Strategy Officer Steven Chan said on Tuesday.

Despite the weak economy, Chan also said he expects the solar market in the United States to be about flat in 2009 compared with 2008. At the same time, Suntech expects to double its U.S. market share to 20 percent this year from 10 percent last year.

“The prospects for 2010 and beyond are quite significant,”
Chan told the Reuters Global Energy Summit via phone. “Next year, I wouldn’t be surprised if the U.S. market tripled off of this year.”

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