The Year In Solar Power: Prices Crash, Sales Soar, Industry Restructures, Saudis Leap In, CSP Suffers

12/30/2012 15:45

This year was a big year for solar, both domestically and globally, with some unlikely players throwing their hats into the ring and upping the ante on achievable power generating capacity. Here’s a wrap-up of some of the year’s most impactful events in the solar industry, with a little added perspective from some experts in the field.

Financial Innovation and Collaboration Takes the Solar Cake

If you ask Tom Kimbis what he thinks was one of the most important developments of 2012 for solar energy, he may tell you something you didn’t quite expect to hear. Kimbis, VP of External Affairs for the Solar Energy Industries Association (SEIA), says that much of the credit for what’s being seen as a landmark year for downstream solar growth belongs not to technical innovations, but financial innovations — the kind that are making it increasingly possible for people everywhere to be able to afford solar without having to take out a second mortgage on their homes.

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