11 Jul '12, 6pm

Into Thin Air: The Disappearance of Dozens of Chinese Solar Companies

The consolidation trend is working its way through the ranks of lesser-known Chinese solar manufacturers while the top companies in China are gaining greater market shares, Lefebvre said. The shakeout within China’s solar industry isn’t surprising, though many Chinese companies, unless they are publicly traded, don’t announce their closures or other big changes to their operations. No one can predict how many solar manufacturers anywhere in the world will disappear into thin air as a result of this ongoing oversupply problem. The glut will likely persist for the next few years, according to GTM Research, which is expecting 59 GW of solar panels being produced to meet 30 GW of demand for 2012. Taiwan alone has the capacity to produce 10 GW of solar cells, Lefebvre pointed out. Taiwanese cell makers have seen an uptick in business as a result of a pending trade complaint tha...

Full article: http://www.renewableenergyworld.com/rea/news/article/2012...

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