Description

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. Today, 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. This book describes how this happened and what lies ahead for PV power generation.