The period of ‘profitless prosperity’ in the PV industry is finally at an end. Throughout 2013, despite continued economic woes, the PV industry has continued to expand and finally become a global industry. Market forecasts indicating that the sector could reach its next 100GW milestone in just the next two years suggest the industry is on the cusp of another period of strong growth. All the signs confirm this is the case, with utilization rates at their highest level since 2010, companies reporting full order books well into next year and the first tentative announcements of factory capacity expansions making the headlines.
