by Giles Parkinson |
US chemical manufacturer DuPont is predicting that commercial and residential solar PV will reach grid parity on a global scale by 2015. It says that in many markets with rich sun resources and high grid electricity prices, parity has already been achieved.
The head of the company's electronics and communications division, David Miller, says DuPont supplies a range of materials used in solar PV, including resins, metallisation pastes and films that are designed to increase the lifetime and efficiency of solar modules, and reduce overall system costs. It is the largest supplier of materials to the PV market, apart from silicon.
Its sales to the industry totaled $1.4 billion and it expects this to rise to $2 billion by 2014, with the industry posting 20 per cent average annual growth in installations after 2012, as PV reaches grid parity in more markets.
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