As the residential solar power industry has matured and showed a steady growth of about 40 percent a year, the silicon
industry is now responding...
As the residential solar power industry has matured and showed a steady growth of about 40 percent a year, the silicon
industry is now responding with new production and caches of raw materials. Many silicon refineries and new silicon sourcing
companies are getting the funding and moving towards rapid production in the next dozen or so months. There are plans and
announcements by several companies such as GE, BP, and others about launching new facilities that produce silicon at a
fraction of the cost we may be experiencing today. This is all exciting news for home solar power enthusiasts and for those
wishing to upgrade to residential solar generated electricity.
The silicon industry is or has been slow to increase overall manufacturing capabilities because of the large growth during
the early 1990s that eventually when stale. The extreme growth expectations were hyped and many industry experts expected
much expansion in the early 1990s. This just did not happen 18 years ago. Fortunately, we are now experience much more
accepting market, social expectations of our movement to renewable technologies, and governmental support to make the switch
to home solar power.
In the past, the solar silicon refining industry made solar panel manufacturers sign long-term contracts at extremely high
prices to secure any silicon at all. For example, a solar manufacturing plant had to slow production to a trickle because of
a lack of silicon. The economics have now changed since 2006 making massive silicon contracts viable at better prices.
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