19 Dec '11, 6pm

The Photovoltaic Equipment Market in Q3: Back in late 2010, Eileen Tanghal, Investment Director at Applied Mat...

The Photovoltaic Equipment Market in Q3: Back in late 2010, Eileen Tanghal, Investment Director at Applied Mat...

Back in late 2010, Eileen Tanghal, Investment Director at Applied Materials , spoke on a cleantech panel and had this to say about the solar industry, at least from Applied Materials' equipment vendor perspective: "This year will be the best year we're going to see in the next two or three" because "there is just too much capacity coming on-line." Tanghal added that AMAT acquisition Baccini "is doing extremely well, but we are being very cautious -- we don't think it's going to be sustained next year," adding that "$1.05 per watt crystalline silicon costs will happen." Prophetic words from Tenghal. There is too much PV capacity on-line and, in fact, there are gigawatts of PV panels in inventory and in the supply chain. And as for $1.05 per watt crystalline silicon costs, well, we're well past that benchmark. All of these conditions set up headwinds to the growth of the pho...

Full article: http://www.greentechmedia.com/articles/read/Q3-Photovolta...

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