Silver to be Critical to Solar Power Generation Market Over Next 10 Years

WASHINGTON, June 01, 2020 (GLOBE NEWSWIRE) — One of the most significant industrial applications for silver today is its use in photovoltaic (PV) cells, the building blocks of solar panels, and a leading clean-energy technology. The cost of electricity generation from PV has rapidly declined over the past decade and is in many instances close to or below the cost of power generated by burning fossil fuels. With solar power generation expected to nearly double by 2025, this sector is projected to remain an important and consistent source of industrial demand for silver over the next ten years, while underscoring silver’s role as a green metal.