Solar growth shines strong

For the latest snapshot on the health of the solar sector, check out this report from Merrill Lynch. It estimates that solar-cell production growth was 35 to 40 per cent in 2006, and maintains the market will have a compounded annual growth rate of 35 per cent through to 2010. The solar PV market in California grew 55 per cent year-over-year in March, with SunPower capturing a lion’s share of that growth. In fact, SunPower saw year-over-year growth of 208 per cent, and this is certainly to benefit Canadian power electronics partner Xantrex. The report points out some of the recent solar news around the world, including the beginning of construction on a 40-megawatt solar park in Saxony, Germany (The size of 200 soccer fields!). There’s no mention of the Ontario market here, but given there are a number of 10-megawatt projects in this province ready to move forward it will be interesting to see year-over-year growth in Ontario a year from now.

On that note, at least one planned project in Ontario is being spearheaded by a new solar PV startup out of California that’s currently operating in stealth mode. I’ll provide more details on that when they become available, but believe me — I’m digging.