U.S. solar industry shows signs of growth

Friday, April 02, 2010 at 3:08:11 PM - by Nate Lew

The U.S. solar industry is continuing to regain momentum in both the residential and commercial market, with a number of companies reporting gains overseas and in the domestic market.

One recent example comes from a Reuters report on Los Angeles-based Suniva, which has reportedly sold out its products through 2010 and is planning to triple its exports in the next five years.

The wire service added that the company is also expected to build a 400-megawatt plant in Saginaw County, Michigan, with an eye on generating electricity there by 2011.

Americans are going to see more and more solar energy generated in the next several years, with dozens of projects under construction or being planned throughout the Southwest. Other parts of the country that do not get as steady a supply of sunlight are also increasingly embarking on their own solar projects. Some states are even home to projects that will re-invent old landfills as solar energy plants.

Elsewhere, a number of other companies have showed that they have serious potential for long-term growth with or without the various tax credits that have been provided under the government stimulus bill.

Source: http://solar.coolerplanet.com/News/19703767-u-s-solar-industry-shows-signs-of-growth.aspx

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