News

Pike Research recently released a report predicting that the market for building integrated solar photovoltaics (BIPV) will reach more than $2.4 billion in the next five years. This year, the market stands at just over $600 million. Innovations in design practices and increased interest in advanced building performance are all helping to drive growth. Sustainable Business reports:

“The emerging BIPV market, which straddles the building industry and the solar power industry, offers a new way to develop revenue streams for both parties,” says Pike research director Kerry-Ann Adamson. “Solar suppliers have begun to partner with building and construction companies, as well as designers and architects, and have gained access to completely new markets. At the same time, building companies have started to recognize new opportunities in green buildings and in retrofitting existing homes and commercial facilities.”