Solar Equipment Spending to further fall in 2013 Solar equipment spending fell off a cliff in 2012 after a record 2011. Spending on equipment used to make polysilicon, wafers, cells and modules soared as the Chinese companies spent on equipment as if there was no tomorrow. The solar equipment spending reached more than $10 billion [...]

OCI & Hanwha to remain the serious Contenders Major Korean conglomerates such as Samung, Hyundai and Hanwha had made massive investments in renewable energy spurred on by the Korean government. These companies had gone into manufacturing components using the crystalline solar technology. Samsung and Hyundai solar panels were being sold in different countries using the [...]

Cheap money and over-investment has led to a catastrophic overcapacity in the solar panel industry leading to solar panel prices falling by more than 80% in the last 2-3 years, while hundreds of companies have gone bankrupt. The net margins of most companies remain negative and the industry has seen billions of dollars in losses [...]

 Capital Investment in Solar Industry projected at $2.3 billion in 2013 The solar industry has been sick in the last couple of years as massive over-investment has made it economically viable activity for many players. Continued financial strain made it impossible for companies to spend money on equipment, and they did not have the money [...]

The Indian solar manufacturing industry is running on fumes with 10% capacity utilization. Even the bigger capacity players like Tata Power, Indosolar and Moser Baer are running at very low utilization as the market has been captured by imports from China and the US. It is estimated that almost 80% of the solar panels being [...]

China has been bristling against the hostility in solar trade from major partners such as US and Europe. The dominance of the Chinese solar panel industry with almost 60% of the global demand has made other countries see red. Thousands of Western solar companies have closed, even as China keeps on adding solar capacity. The [...]