Europe Increases Demand for Solar Cells in 3Q

Business is bad? Where is business bad? Not in the solar cell industry is business bad.

During the 3Q of this year, Japan’s fiscal 2Q shipments of solar cells to the European Union grew 44% on the year in power capacity terms. It now reaches 304,500kW says the Japan Photovoltaic Energy Association.

Europe accounted for 60% of all shipments. Exports to the Old Country rose 53% from the same period last year. These shipments are the main engine for overall growth.

The market for solar cells is firm despite the global financial crisis. Hmm … anybody looking for a job?

Nobody knows whether shipments can keep up the pace. We could lay a bunch of economists end to end but they still wouldn’t be able to reach a conclusion.

Best business decision these days – think GREEN! – via Nikkei (sub req)

Image courtesy of Zruda

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