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.

Tags : anthropocene, Earth Buzz, economics, Future Earth, power, solar, solar panels, solar-panels, Suntech, Suntech Power Holdings Co. Ltd.

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