GTM Research Assesses Solar Struggle
When companies like Solyndra go under, one wonders why many so many other solar power companies are also struggling to stay afloat.
GTM Research has released a report that may be able to clear the matter up. About 30 gigawatts of solar panels are expected to be sold globally this year while production capacity is almost twice that at 59GW. Prices have gone down more than 50% since 2011 and will continue to drop resulting in smaller companies not being able to compete. And because of the adverse weather conditions early in the year, production was reduced.
There is more to it of course, but it certainly comes down to supply and demand at decreasing prices with the smaller fish left behind. The import tariff on Chinese cells, imposed after some were selling products for less than they cost to manufacture and ship in an effort to build up their country's market share, will effect solar energy's future as well as the expiration of the "safe harboring" 1603 Treasury Program in December 2011.
The GTM report states that the PV market should rally by 2015. Good news for all companies that can hang in there. Check out details of the report via the link.
Via GTM Research
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Posted by Sheila Franklin at July 2, 2012 11:02 AM