Solar Energy’s Bright Future

[Red Herring] The sun keeps shining on the solar industry because it passed the crucial test — it makes money. During the last year, solar power got more buzz with each oil and natural gas spike. Venture investment tripled, according to the Solar Energy Industries Association (SEIA) — encouraged no doubt by last year’s top three tech IPOs, all solar companies. … The worldwide solar market grew from $8.3 billion in 2004 to more than $12 billion in 2005, according to CLSA Asia-Pacific analyst Michael Rogol. Mr. Rogol expects the market to top $16 billion this year and $40 billion in 2010. …
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