Community Research and Development Information Service - CORDIS


PV Status Report 2005 - Research, Solar Cell Production and Market Implementation of Photovoltaics

Funded under: FP6-JRC


In 2004, the photovoltaic industry delivered world-wide some 1,200 MWp [May 2005] of photovoltaic generators (Fig. 1) and became a EUR 5.8 billion business. In the past 5 years, the average annual world growth rate was above 40%, making the further increase of production facilities an attractive investment for industry. An investment report published by Credit Lyonnais Security Asia forecasts that the photovoltaics sector has a realistic potential to expand from EUR 5.8 billion in 2004 to EUR 25 billion in 2010 corresponding to 5.3 GWp in annual sales [Rog 2004]. According to the European Photovoltaic Industry Association (EPIA), the world-wide solar electricity industry already provided employment for over 35,000 people in 2003 [Epi 2004].
The current solar cell technologies are well-established and provide a reliable product, with sufficient efficiency and energy output for at least 20 years of lifetime. This reliability, the increasing potential of electricity interruption due to grid overloads, as well as the rise of electricity prices from conventional energy sources, add to the attractiveness of Photovoltaic systems.
About 90% of the current production uses wafer-based crystalline silicon technology. The top advantage of this technology is that complete production lines can be bought, installed and be up and producing within a relatively short time-frame. This predictable production start-up scenario constitutes a low-risk placement with high expectations for return on investments.

Additional information

Authors: JÄGER-WALDAU A, European Commission, Joint Research Centre, Institute for Environment and Sustainability, Ispra (IT)
Bibliographic Reference: EUR 21836 EN (2005), 103 pp. Free of charge
Availability: Available from European Commission, JRC Knowledge Management Unit, Ispra (IT) Tel: +39 033278 9893 Fax: +39 033278 5409 E-mail: or Bruxelles (BE) Tel: +32 2 295 76 24 Fax: +32 2 299 63 22
ISBN: ISBN: 92-79-00174-4
Record Number: 200718960 / Last updated on: 2007-03-16
Original language: en
Available languages: en