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Solar Panels Growth Demand Will Be Positive For Silver

Author: Source: Datetime: 2016-10-30 08:14:32
solar panelsGrowth in demand for solar panels will be positive for silver, analysts quoted the International Energy Agency IEA report said the Energy Bureau raised from a record 5 years after 2015, renewable energy growth forecast. A recent IEA Mid-Term Renewable Energy Market Report predicts that renewable energy will grow at 13% between 2015 and 2021, ahead of last year's forecast, with solar energy playing an important role.

The report said that last year the world every day nearly 500,000 solar power batteries panels installed. The IEA stressed that the growth of wind and solar energy to meet the Paris climate agreement to limit global warming targets. Solar power solar cells need silver paste. HSBC said in a report, "According to Reuters data, demand for silver paste in 2011 rose to a new high of 78 million ounces; 2013 demand reduced to 62 million ounces; stabilized at 63 million ounces in 2014; and increased to 78 million in 2015 Oz and we believe that silver consumption will reach 82 million ounces this year and an additional 5 million ounces to 87 million ounces in 2017. We expect a steady growth in the next decade, and the application of solar energy will be one of silver consumption New sources. "
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