With its plethora of products targeting PV manufacturing, DuPont had previously made a bold statement that it expected sales into the sector to have reached US$1.0 billion in 2011. However, with 2010 already becoming a record year for PV installations, DuPont believes it surpass the billion dollar target a full-year ahead of schedule.
DuPont Electronics & Communications President, David Miller (right) told financial analysts that “Our broad portfolio of offerings spans crystalline silicon cells and modules as well as thin film modules, putting us in an ideal position to capitalize on market growth in both segments of the photovoltaics industry. Several notable new product launches this year have helped us to accelerate growth above market. We also are investing in greater production capability and partnering with our customers to help keep pace with the fast rising global demand,” said Miller.
During the recent EU PVSEC event in Valencia, Spain PV-Tech talked to John Odum, Global Business Director of DuPont Photovoltaic Fluoromaterials about DuPont’s bold sales target and whether this was still on-track.
“Those claims weren’t bold enough I thought I was optimistically projecting about a 30% growth for the [PV] industry in 2010, and we are seeing probably over 100% this year. Overwhelming I guess is the way I would sum it up,” noted Odum in Valencia.
One product amongst many that is an industry workhorse is DuPont’s Tedlar film, used for module encapsulation. DuPont has seen a multi-phase US$295 million investment in capacity expansions to keep-up with global demand.