PV Status Report 2005

Record oil prices and speculations whether the oil price would peak at $ 105 in 2010 or whether it would be well above has become a reality in 2005. Regardless for what reasons and how fast the oil price and with it energy prices will increase in the future, Photovoltaics and other renewable energies are the only ones to offer a reduction of prices instead of an increase in the future. In 2004, the photovoltaic industry production broke the 1 GW barrier, produced worldwide some 1,200 MWp of photovoltaic modules and has become a 5.8 bill. business.