RAPID EXPANSION IN SOLAR CELL INDUSTRY EXPECTED IN COMING YEARS

The production capacity of the global solar cell industry has increased rapidly since 2000, and the total annual output is estimated to reach 2.82 gigawatts in 2010, with a value of US$4.23 billion, according to a report released by the Industrial Technology Research Institute (ITRI) Saturday.

An official of the ITRI said that as the demand for solar energy has continued to grow at a more rapid pace, the industry registered a compound annual growth rate of 37.5 percent during the 2000-2003 period, with the figure hitting 60.5 percent for the 2003-2004 period.

cna