The rapid expansion of thin film manufacturing, headed by First Solar could make up over 40 percent of worldwide photovoltaic production by 2012, according to a new report from Greentech Media and the Prometheus Institute for Sustainable Development. Thin film PV production could also reach a capacity of 10GW in the same timeframe, the report stated.
The new report, entitled ‘Thin-Film PV 2.0: Market Outlook Through 2012,’ notes that in the first half of 2008 alone, over $200 Million in venture capital was poured into the thin-film market, adding to the total of nearly $1 billion invested in the market since 2007.
“Thin-film PV has quickly become one of the most heated market segments in all of renewable energy,” said Travis Bradford, Executive Director of the Prometheus Institute. “The report provides an excellent resource for companies that want a complete understanding of the thin-film market today and going forward.”