Jan
13
2009

Solar demand partly cloudy

Solar slowdown: Solar panel revenues projected to drop 19% in 2009
Solar slowdown: Solar panel revenues projected to drop 19% in 2009Courtesy richardmasoner

Global finances hurt solar industry

Suntech Power Holdings Co. Ltd., the world's largest solar module maker, suspended its plan to expand capacity by 40 percent in 2009. Instead, it laid off 10 percent of its 8,000 strong workforce.

Global revenues for photovoltaic solar panels are expected to drop 19 percent in 2009, believed to be the sector's first-ever contraction, as prices fall due to oversupply, research firm iSuppli said last December" Reuters

Say it aint so

My hope is that a change in government incentives will prove to be a game changer.

Additional news, First Solar

First Solar was featured by Investopedia yesterday as a solar company to watch in 2009.

Your Comments, Thoughts, Questions, Ideas

bryan kennedy's picture

Unfortunately the price of solar tech is still really high compared to the energy output. That combined with the global economic downturn and the cheap price of gas (I can't even believe I just typed that) is going to make solar pretty unattractive right now.

Honestly I hope that Obama focuses spending on support for research that will boost output or lower the cost of solar cells. I don't think subsidies for current tech will really help the advance of this alternative energy in the long run.

posted on Tue, 01/13/2009 - 1:42pm

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