Sunshine and silicon – Is spain ready for a real PV boom

Spain's photovoltaic sector grew rapidly in 2004, only to slow down in 2005. While a state-guaranteed feed-in tariff is in place to drive a take-off, some of the smaller administrative cogs are buckling under the pressure. Projects are being further slowed by soaring world silicon prices and module shortages. Nevertheless, market volume is higher than ever before, and big capital from both home and abroad is betting that the Spanish take off is around the corner.