Solar Shakeout

The last 18 months have been the toughest yet for PV manufacturers and equipment and material suppliers. Massive overcapacity and plummeting prices have led to vanishing margins, sequential quarter financial losses and an ever-growing number of companies struggling to stay afloat, exit the market altogether or simply go bankrupt. The term ‘solar shakeout’ has been widely used in the media to characterize current market conditions.

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Publications

  • Photovoltaics International 26th Edition

    Looking back, 2014 was a year of convalescence for a PV industry still battered and bruised from a period of ferocious competition. End-market demand continued apace, with analysts towards the end of 2014 predicting the year would see between around 45 and 50GW of deployment. That has begun to feed through to the supplier end of the market, with all the main manufacturers announcing capacity expansions in 2015 and further ahead.

  • Manufacturing The Solar Future: The 2014 Production Annual

    Although the past few years have proved extremely testing for PV equipment manufacturers, falling module prices have driven solar end-market demand to previously unseen levels. That demand is now starting to be felt by manufacturers, to the extent that leading companies are starting to talk about serious capacity expansions later this year and into 2015. This means that the next 12 months will be a critical period if companies throughout the supply chain are to take full advantage of the PV industry’s next growth phase.

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Acknowledgements

Solar Media