Solar Panel Sales Seen Dropping First Time in Decade, Feeding Glut: Energy
Mar 8, 2012 10:07 PM GMT-1000
"Overcapacity has been an overhang for this industry, and with Germany tightening it doesn’t seem like it will ease," said Amir Rozwadowski, an analyst at Barclays Capital Inc. in New York.
"It’s difficult to assess where there’s a significant push-out that would lead to accelerating demand, given the anticipated decline in Europe."
Germany and Italy, the biggest photovoltaic markets, cut subsidies to curtail a boom last year, helping depress prices for panels by more than 50%.