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Manufacturing/Packaging

Solar boom is over

Posted: 24 Dec 2008

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Keywords: photovoltaic solar industry solar panels revenue declines

[Summary of tips] Bringing an end to eight consecutive years of growth, global revenue for photovoltaic (PV) panels is expected to drop by nearly 20 per cent in 2009, as a massive oversupply causes prices to decline. Worldwide revenue from shipments of panels will decline to Rs.64,546.94 crore ($12.9 billion) in 2009, down 19.1 per cent from Rs.......

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Related Terms

What does photovoltaic mean?
Converting light into electricity. Photo refers to "light" and voltaic to "electric". Photovoltaics (PV) is the field of technology and research related to the application of solar cells for energy by converting sunlight directly into electricity.

What are solar panels?
Solar panels are solar photovoltaic modules/arrays that use solar cells to convert light from the sun into electricity. The term is sometimes used to refer to solar thermal collectors that use the sun's energy to heat water or other fluids.

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