1. Latest News
  2. Submit Press Release
  1. PR Home
  2. Latest News
  3. Feeds
  4. Alerts
  5. Submit Free Press Release
  6. Journalist Account
  7. PRNewswire Distribution

Milton Financials: Solar panel manufacturers face a tight 2011.

Photovoltaic cell prices could crash as supply far outstrips demand next year - analysts.

 
PRLog - Nov. 16, 2010 - Globally, solar panel manufacturers face a price crunch next year because they are adding manufacturing capacity at a time when global demand is poised to fall, Milton Financials sources report.

According to some market specialist the supply of photovoltaic panels may climb to almost triple the level of demand in 2011, flooding the market and potentially crashing the price.

“It could be Armageddon,” Gordon Johnson of Axiom Capital Management told Milton Financials sources in a recent interview. “Demand is about to fall at a time when you’re going to have a significant increase in supply. In a commoditized industry, that is a formula for disaster.”

Manufacturers have realized record sales for solar panels in 2010 as developers swarmed to connect them to the grid and benefit from subsidized power prices before the rates were slashed by governments in Germany, Italy and the Czech Republic. According to Johnson, in Germany, the globes largest solar panel market, demand is set to dramatically drop as the government cuts rates that producers earn by 13%, causing a major glut in the market, thereby driving the price that manufacturers charge down to as low as $1.10 per watt from previous highs of around $1.80 per watt this year, Milton Financials was advised.

# # #

Milton Financials is a dedicated, independent broker providing the market insight and investment advice that corporate, institutional and private clients trust.

--- End ---

Click to Share

Contact Email:
***@miltonfinancials.com Email Verified
Source:Milton Financials
Country:Hong Kong
Industry:Business, Energy, Finance
Tags:alternative energy, green energy, solar power, investment, stock markets, wind power, commodity trading, carbon credits
Last Updated:Nov 17, 2010
Shortcut:prlog.org/11076739
Disclaimer:   Issuers of the press releases are solely responsible for the content of their press releases. PRLog can't be held liable for the content posted by others.   Report Abuse

Latest Press Releases By “

More...

Trending News...



  1. SiteMap
  2. Privacy Policy
  3. Terms of Service
  4. Copyright Notice
  5. About
  6. Advertise
Like PRLog?
9K2K1K
Click to Share