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20 <br />DEVELOPMENT OF A SOLAR CLUSTER IN ORANGE COUNTY April 13, 2009 <br />Orange County Economic Development Commission <br />As Figure 5 shows, global demand for PV has skyrocketed, although the United <br />States mazket shaze of the PV manufacturing industry has stayed fairly constant for the <br />past several years. Recent regulatory changes may address this issue. <br /> „oo <br /> 1700' <br /> 1005 <br /> '9500 <br /> <br />60Ti. '1300, <br /> II00 <br />asx <br />rioa <br />ia7t ~~ <br />asx sb0 c <br /> ROW uq <br />~ <br />~~ ; <br />700 <br />sex ~ ~ am <br />sax. ~ ux.: <br />~~ ~ ua.w~tiwt~iw <br /> ..~. ® ~: <br />wx' <br /> <br />' p <br />mo <br /> iw <br />.~. <br /> ~,. ~ soa <br /> <br />_ <br />,._. ~« <br />~"° <br />o <br />ox gg <br />Figure 5-Global PV Market Share by Country (from Solar America Initiative, 200'n <br />According to a study completed by Greentech Media Reseazch/Prometheus <br />Institute in 2008, United states production of PV cells increased from 271 MW to 414 <br />MW, a difference of 53%; additionally, the United States capacity for PV cell <br />manufacturing increased by 65%, from 415 MW to 685 MW (SETA, 2008). <br />According to market projections provided in a study sponsored by the North <br />Cazolina Energy Office, nationwide solar energy market is expected to grow from $15.6 <br />billion in 2008 to $69.3 billion in 2016 (Appalachian, 2008). These estimates do not take <br />into account potential changes in the energy market, which could include everything from <br />future incentives, to additional regulatory limits, and everything in between. <br />For EDC use only 14 <br />