High gas and CO2 prices provide additional impetus for solar industry

No one seems to be able to get around the increased energy prices. Renewable energy sources can help. The Agency for Renewable Energies (AEE) conducted a survey. According to the survey, about 1.9 million German homeowners are planning to buy a solar heating system in the next three years. After all, the German government subsidizes solar heating systems. The global photovoltaic market started in Germany in 1990. After the Chernobyl accident, the "1,000 Roofs Program" was launched. Japan then jumped on this bandwagon in the 1990s and developed subsidy programs. Germany followed suit in 1999 with the 100,000 Roofs Program. When the general conditions in Europe changed from 2011, production moved more towards Asia. Today, the most important photovoltaic markets are in China, the USA, India and Japan.

European and global climate targets are creating a boom in solar energy. Silver is involved as a critical metal in the construction of solar modules. An estimated 140 million ounces of silver are expected to go into this industry this year. There are about 111 milligrams of silver in each solar cell. In addition to the solar industry, electromobility also needs silver. The gleaming white metal is thus an important component of a lower CO2 future. Averting the climate crisis has become a central issue in many countries.

For example, MAG Silver – https://www.youtube.com/watch?v=1agUGok4XvA – (44 percent) owns the valuable silver as a partner of Fresnillo (56 percent) in the Juanicipio project in Mexico. The last quarter yielded over 700,000 ounces of silver and nearly 1,800 ounces of gold for MAG Silver.

Tier One Silver – https://www.youtube.com/watch?v=InF4akAEzck – focuses on silver, gold and base metals in Peru. The Curibaya project in particular consistently delivers very good drill results.

Current corporate information and press releases from MAG Silver (- https://www.resource-capital.ch/en/companies/mag-silver-corp/ -) and Tier One Silver (- https://www.resource-capital.ch/en/companies/tier-one-silver-inc/ -).

In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.

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