Future could be bright for solar power growth.A report from Specialists in Business Information, Rockville, MD, a research firm, predicts several factors favorable fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. to the solar power industry will propel pro·pel tr.v. pro·pelled, pro·pel·ling, pro·pels To cause to move forward or onward. See Synonyms at push. [Middle English propellen, from Latin the U.S. market to triple digit growth, reaching almost $12 billion by 2012. The report states that after three years of continuous upswing Upswing An upward turn in a security's price after a period of falling prices. in solar power revenues, topping $3.8 billion in 2007, the alternative energy field's future remains bright. Although the Specialists in Business--SBI--report states there may be some bumps along the road, factors such as solar power's technological momentum, increasing private-sector solar investment, and growing public-sector support will carry it overall. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the report, despite strong factors favoring the solar energy solar energy, any form of energy radiated by the sun, including light, radio waves, and X rays, although the term usually refers to the visible light of the sun. market, major obstacles remain before it reaches the mainstream. Perhaps the biggest challenge is economic, the report states. Pricing, affordability, financing, and lack of investment are preventing solar energy from advancing as explosively as it could. Other obstacles include potential supply shortages, unfavorable legal structures, utility barriers, and lack of skilled laborers. |
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