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Solar panel oversupply to last until 2012

Posted: 18 Aug 2009     Print Version  Bookmark and Share

Keywords:solar panel  oversupply solar  photovoltaic 

Not slowing down
Despite the global economic recession, most of the leading producers of solar panels—such as Suntech, Sharp and JA Solar—will continue to grow in concert with the overall PV industry, although they have no intention of slowing production of cells and panels.

Even in the face of the downturn, many panel and cell producers have continued to ramp up their capacities as if a recession had never occurred. Most companies are doing this in order to maintain their share in the market. As a result, Suntech will push Q-Cells aside and become the No. 1 producer of crystalline cells in 2009, iSuppli predicts. Sharp, Yingli and JA Solar also will defend their top five positions this year by not reducing their solar-cell production increases.

Those suppliers that have reduced or made adjustments to their production of cells and panels as a result of the softening demand have seen their short- and mid-term strategies falter. These suppliers include Q-Cells, SunPower and BP Solar.

Q-Cells, in particular, slowed down cell and panel expansion at its plant in Malaysia and has significantly reduced production targets in 2009. Likewise, SunPower has cut back its plans for expansion, while BP Solar has closed its panel production operations in Malaysia and Spain.

So, while some companies are hiking up production in order to maintain their positions in the market, others are forced to undertake short-term production cuts and delay or even cancel long-term expansion projects.

For more statistics and forecasts, click here

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