The meteoric rise of the photovoltaic (PV) industry is an
incredible story. In 2013, Google s investments in PV systems
totaled about half a billion dollars and Warren Buffet, one of the
famous investors, invested $2.5 billion in the world s largest PV
system in California. These gigantic investments by major financial
players were made only 40 years after the first two terrestrial PV
companies, Solarex and Solar Power Corporation, were formed in the
USA. Back in 1973, the two companies employed 20 people and
produced only 500 watts of PV power. Now, just 40 years later, over
a million people work in the PV industry. The worldwide capacity of
operating PV electric generators equals the capacity of about 25
nuclear power plants. The PV industry is growing at an annual rate
of 30 percent, equivalent to about five new nuclear power plants
per year. Today, solar electricity is a significant supplier of
electricity needs, to the extent that PV is forcing the
restructuring of 100-year-old electric power utilities. This book
describes how this happened and what lies ahead for PV power
generation."
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