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Sonntag, 4. Januar 2009

Solar market eclipse coming

Global revenues for photovoltaic (PV) panels are expected to plunge by nearly 20% in 2009, as a massive oversupply causes prices to drop, according to iSuppli.
Worldwide revenues from shipments of panels will decline to US$12.9 billion in 2009, down 19.1% from US$15.9 billion in 2008. A drop of this magnitude has not occurred in the last 10 years and likely has not happened in the entire history of the solar industry, says iSuppli.
The plunge in revenues will come despite an 9.6% rise in gigawatt (GW) installations of solar panels in 2009, growing to 4.2GW for the year, up from 3.8GW in 2008. However, 11.1GW worth of panels will be produced in 2009, up 62% from 7.7GW in 2008. This means that supply will exceed demand by 168% in 2009, up from 102% in 2008. With the gap between supply and demand rising to such a level, pricing and market revenues will drop in 2009..... more details here....

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