Solar cell production soars as demand falls

TG Daily
August 12, 2009
COMMERCIAL, FABRICATION : GREEN, SOLAR

Oversupply and glut are the order of the day in the solar cell market as production rises while demand sinks. That may well lead to some companies going to the wall.

That's according to the latest report from Displaysearch on the market for solar cells.

Solar cell capacity will grow by 56 percent during this year amounting to 17GW, and that trend will continue at a compound annual growth rate of 49 percent reaching 42GW in 2013.

However, demand for photovoltaic modules is set to shrink by 17 percent during the year, according to an Aug. 11 TG Daily report.

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