Grid Parity Vital to Ensure Higher Adoption of Green Semiconductors, Finds Frost & Sullivan

Grid Parity Vital to Ensure Higher Adoption of Green Semiconductors, Finds Frost & Sullivan PR Newswire MOUNTAIN VIEW, California, Sept. 13, 2012 - North America to account for large part of annual installed capacity by 2017, Europe loses ground on grid parity to Asia Pacific market MOUNTAIN VIEW, California, Sept. 13, 2012 /PRNewswire/ -- While solar power still reigns as the most favored alternate source of energy, this market is going through consolidation in terms of capacity and competition. As a traditional stronghold of solar photovoltaics (PVs), Europe has been battling a financially weaker eurozone, causing investors to shift their focus to other regions such as North America and Asia Pacific. New analysis from Frost & Sullivan (http://www.semiconductors.frost.com), Global Market for Green Semiconductors, finds that the market earned revenues of $46.63 billion in 2011 and expects this to reach $104.32 billion in 2017 with North America accounting for 60 percent of that year's annual installed capacity. If you are interested in more information on this research, please send an email to Jeannette Garcia, Corporate Communications, at jeannette.garcia@frost.com, with your full name, company name, title, telephone number, company email address, company website, city, state, and country. As the solar market is oversupplied and its demand is unpredictable, the price per watt of solar power has dipped.