Suniva chief argues solar sky isn’t falling
The up-and-coming solar panel maker Suniva has expanded its plant near Atlanta three times and is sold out of its 2010 capacity of 170 megawatts. The company has applied for a Department of Energy loan to build a 400-megawatt plant in Michigan and Suniva Chief Executive John Baumstark says he could sell all that out too.
So from where he sits, all the worry on Wall Street about collapsing panel prices and the end of profitability for solar panel makers is much ado about nothing. “I’m just not seeing it,” he says.