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- Suntech Bankrupt
Suntech Power Holdings, the China-based maker of solar panels, declared bankruptcy on Wednesday, the state news agency Xinhua said.On Monday of this week, according to Reuters, Suntech said that it had defaulted on US$541 million of its...
- Solar Pv Module Rankings In 2012
Article published on http://www.renewableenergyworld.com/on May, 3rd 2013By James Montgomery, Associate Editor, RenewableEnergyWorld.com New Hampshire, USA -- The gap between PV supply and demand narrowed slightly in 2012, but overcapacity...
- European Solar Module Prices Rise For The First Time In Four Years
Article published on www.worldofphotovoltaics.com on April 24th, 2013. Reflecting a major shift in the global solar market after four years of severe erosion, prices for photovoltaic (PV) modules in the key European market are rising due to...
- Global Pv Demand To Reach 31 Gw In 2013; China To Become The Leading Solar Market
Article published on www.solarserver.com/solar-magazine on March, 12th 2013 Solar photovoltaic (PV) demand will increase by two gigawatts (GW), from 29 GW to 31 GW during 2013, up 7% Y/Y according to the new Marketbuzz 2013 published by...
- Top 10 Pv Markets In 2012
Article published on www.pv-tech.org on January, 24th 2013By Michael BarkerCumulatively, the Top 10 PV markets accounted for 86% of global demand in 2012, down slightly when compared to the 89% share achieved in 2011, according to NPD Solarbuzz analysis...
Green Energy
Surviving the downturn until 2015
Article published on www.pv-magazine.com on April, 23rd 2013.
NPD Solarbuzz's latest report shows that a module market downturn and further consolidation are to be expected until 2014. Recovery is forecasted to begin in 2015. Surviving the downturn phase will be a key objective for manufacturers.
The Marketbuzz report states that photovoltaic industry module revenues are forecasted to fall 20% in 2013 to US$20.5 billion from $25.5 billion in 2012. However there is hope from 2015 onwards, with module revenues expected to increase and reach $32 billion by 2017.
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Solar PV module supplier revenues forecast to 2017 from the Marketbuzz report.NPD Solarbuzz |
Senior Analyst at NPD Solarbuzz Michael Barker stated that manufacturing overcapacity and falling revenues had a major impact on the PV sector last year and this downturn is expected to continue into this year. Module average selling prices or ASPs fell about 50% year-over-year whereas end-market demand increased by a mere 5%.
The PV manufacturing sector expanded its capacity in 2010 and 2011 with the hope of supplying 45 GW to an end-market in 2012. However 2012's end market only reached 29 GW giving rise to the overcapacity scenario.
Barker added, "Share values of several publicly listed PV companies have been falling close to delisting levels, operating losses have been reported in the hundreds of millions of dollars per quarter, and many manufacturers are continuing to file for insolvency. Predicting how and when the solar PV industry will rebound to profitability has now become essential for all industry participants."
Further consolidation
A further consolidation of the market is foreseen in the solar manufacturing sector through 2014. This can provide opportunities for market share gains as NPD Solarbuzz states. Module ASPs are also expected to continue decreasing, but at a slower rate than in the last two years. Leading module suppliers have, thus, an opportunity to implement cost efficient measures in their production steps and work towards creating a profitable environment as end-market demand pushes towards 46 GW in 2015.
"Surviving the downturn phase of 2013 and 2014 remains the key objective for all solar PV manufacturers," Barker stated, adding, "Module suppliers with profitable business models will emerge as market leaders. In 2015, they can expect an industry that offers strong growth and revenue potential, which should restore confidence in the PV manufacturing sector and lead to further investments in new capacity and next-generation technologies."
- Suntech Bankrupt
Suntech Power Holdings, the China-based maker of solar panels, declared bankruptcy on Wednesday, the state news agency Xinhua said.On Monday of this week, according to Reuters, Suntech said that it had defaulted on US$541 million of its...
- Solar Pv Module Rankings In 2012
Article published on http://www.renewableenergyworld.com/on May, 3rd 2013By James Montgomery, Associate Editor, RenewableEnergyWorld.com New Hampshire, USA -- The gap between PV supply and demand narrowed slightly in 2012, but overcapacity...
- European Solar Module Prices Rise For The First Time In Four Years
Article published on www.worldofphotovoltaics.com on April 24th, 2013. Reflecting a major shift in the global solar market after four years of severe erosion, prices for photovoltaic (PV) modules in the key European market are rising due to...
- Global Pv Demand To Reach 31 Gw In 2013; China To Become The Leading Solar Market
Article published on www.solarserver.com/solar-magazine on March, 12th 2013 Solar photovoltaic (PV) demand will increase by two gigawatts (GW), from 29 GW to 31 GW during 2013, up 7% Y/Y according to the new Marketbuzz 2013 published by...
- Top 10 Pv Markets In 2012
Article published on www.pv-tech.org on January, 24th 2013By Michael BarkerCumulatively, the Top 10 PV markets accounted for 86% of global demand in 2012, down slightly when compared to the 89% share achieved in 2011, according to NPD Solarbuzz analysis...