TodayEco.com

10 Oct '12, 1pm

Solar: A Fall From Grace for Investors

Solar: A Fall From Grace for Investors

The Cleantech Group released its preliminary investment numbers on Tuesday to show that solar, once the top money grabber, ceded that spot to transportation, biofuel and green chemicals during the third quarter of this year. Solar investments accounted for only 4 percent ($70 million) of the $1.6 billion global cleantech investments during the third quarter. Transportation deals made up 21 percent ($320 million), biofuel and chemicals at 16 percent ($256 million), and smart grid at 13 percent ($208 million). The slide has been happening for several quarters now, fueled in part by the tough times that solar technology developers, from silicon to cell and panel makers, have been experiencing for nearly two years now. A terrible imbalance of supply and demand has pummeled the prices of solar panels, causing them to fall 50 percent during 2011 and around 30 percent so far this...

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

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