30 Jan '14, 1pm

New Solar PV Capital Expenditure Cycle to Start in 2015, According to NPD Solarbuzz

New Solar PV Capital Expenditure Cycle to Start in 2015, According to NPD Solarbuzz

New gigawatt solar factories to provide up to $10 billion of revenues to PV equipment suppliers in 2017 Santa Clara, Calif., January 30, 2014— Capital expenditures for equipment suppliers serving the solar photovoltaic (PV) manufacturing sector are forecast to enter a new upturn phase beginning in 2015. According to new research in the latest NPD Solarbuzz PV Equipment Quarterly , PV equipment spending could potentially reach $10 billion in revenues in 2017. "During 2012 and 2013, solar PV equipment suppliers were confronted by the sharpest downturn ever to hit the sector," according to Finlay Colville , vice president at NPD Solarbuzz. "The decline was caused by strong over-capacity that reshaped the entire PV industry in 2012, which resulted in manufacturers' capital expenditure budgets being put on hold during 2013." For 2013, PV equipment spending—covering tool revenue...

Full article: http://www.solarbuzz.com/news/recent-findings/new-solar-p...

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