Worldwide demand for electricity is increasing, and is expected to reach 26,000TWh in 2020. In China, for example, demand for electricity is expected to triple over the next 20 years. As part of the effort to increase global electricity generation, solar photovoltaic technologies continue to emerge as an important solution for tomorrow’s energy needs.
Until 2010, 80% of photovoltaic demand came from Europe. Today, demand is shifting to new regions like the United States, where renewable portfolio standards* (RPS) have been established in several states as well as some federal procurement contracts, China and Japan, where nationwide feed-in-tariffs are now in place, and will soon emerge in India and the MENA.
The rapid reduction in manufacturing costs is now enabling solar installations to take off in these new, high growth markets. Securing access to photovoltaic demand in these regions is therefore key for solar industry players.
In this context, Air Liquide is strengthening its leadership in the solar photovoltaic industry by signing multiple long-term contracts with manufacturers located in high potential photovoltaic regions:
As Francisco Martins, Vice-President World Business Line Electronics of the Air Liquide Group, stated: “These new contracts demonstrate the strength of Air Liquide’s solar offering in strategic and high-growth regions for this industry. The photovoltaic activity is at the crossroads of Energy and the Environment and requires High Tech solutions, three growth drivers for the Air Liquide Group”.
* Renewable Portfolio Standards* (RPS): Policy that requires electricity providers to obtain a minimum percentage of their power from renewable energy resources.