21 Jul '11, 2pm

Report Signals Weakening European Solar Market

Report Signals Weakening European Solar Market

“For the past decade, Europe has played a dominant role in creating the demand growth that has fueled global manufacturing capacity expansion,” said Alan Turner, Vice President of European Market Research for Solarbuzz . “This was underpinned by aggressive, uncapped feed-in tariff (FIT) programs that are now being scaled back to reduce costs. Policy adjustments are becoming more frequent, creating uncertainty for investors in PV systems.” The downturn in European major markets in the first half of the year left module shipments from manufacturers running well ahead of end-market demand. The resulting increase in downstream inventories quickly spread to the upstream, causing production plans to be reined in. Desperate to stimulate growth, crystalline silicon module price offers from manufacturers have reached new lows of €0.75-1.00/W. PV Incentive Tariff Policy Changes Shap...

Full article: http://www.renewableenergyworld.com/rea/news/article/2011...

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