Dear GTM, why so glum??

Today Green Tech Media put out this post with quite the negative connotation / attitude towards CPV. They paint a picture of CPV companies struggling for survival among a 40 GW / year c-Si marketplace (all of which are selling PV equipment at a near zero margin because, well, they all make nearly the same product).

Frankly, we are more than a little confused by this “glum” attitude. But don’t take our word for it, lets just look at some of the industry numbers. In 2013, CPV as an industry installed about 60 MW of generation. In 2014, companies are on track to install about 100 MW. Now, I’m no mathematician, but that to me sounds like a 66% growth rate. But maybe this was a fluke, right? Lets look a year earlier. In 2012 the industry installed about 40MW, so from 2012 to 2013, a 50% growth rate.

Compare this growth to PV in general, which experienced about a 38% growth rate from 2012 till 2013, and a more modest 26% rate from 2013 to 2014. Nonetheless an impressive rate, but simply not as impressive as CPV.

Truth be told, there is no reason to be negative about the growth prospects of CPV or PV. Both are growing leaps and bounds as technology continues to develop, products continue to mature and opportunities continue to expand. So cheer up GTM, there’s plenty to be happy about in CPV.

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