The dismal economic climate has caused a short-term reduction in global demand for solar, creating an uncertain future for many solar companies.
However, here in Munich at the world’s largest solar show, Intersolar, one could be forgiven for asking, “what crisis?”
The 60,000 people and 1,400 exhibitors that have flooded the 10 exhibit halls are proving that interest in solar is at an all-time high. Unfortunately, this interest isn’t necessarily translating into market activity in the short term. But the long-term signals from the private and public sectors are coming together, which makes the overall environment for solar very good.
The immensity of this solar show is staggering. We’ve been running around the many exhibit halls all day, grabbing interviews with companies in the industry and getting a sense for how they are planning to scale up in the face of the credit crunch.
Today, we conducted a dozen interviews with a variety of companies. We’ll have many more tomorrow. The take away so far: There is still a lot of turmoil and growing up to do for this nascent industry. But given the current momentum, this industry is already on its way to becoming a big player in the energy mix.