R&D spending analysis of top PV module manufacturers in 2014

R&D expenditure by major PV module manufacturers showed a remarkable turnaround in 2014. Previous reports had noted, especially in 2013, that R&D spending had not been immune to the PV industry’s period of profitless prosperity and was deemed a discretionary spend by the majority of leading producers. A return to profitability for many in 2014 resulted in a year of new record spending. There was record spending from 11 of the 12 companies covered, with Hanwha Q CELLS' spending actually declining in 2014.

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