North Coast Solar Stocks

August 10, 2009

Solar Panel Glut To Persist Until 2012, iSuppli Predicts

Filed under: none — Tags: , , , — Jason @ 4:06 pm

Posted by Eric Savitz
barrons.com

The solar industry in 2009 will produce almost twice the number of panels as the market will absorb, according to new data from the market research firm iSuppli.

The firm predicts that global solar panel production this year will grow 14.3% to 7.5 gigawatts, up from a revised 6.5 GW in 2008. But iSuppli contends installations this year will total only 3.9 GW, which means that nearly one of every two panels produced in 2009 will go into inventory.

Henning Wicht, iSuppli analyst for photovoltaics, says the glut will have a long-term impact on the solar business, with over-supply likely to persist until 2012. He notes that “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.”

Here’s a look at iSuppli’s revised estimates on solar panel production through 2012:

* 2008: Revised estimate of 6.5 GW, down from 7.7.
* 2009: 7.5 GW, down from 11.1.
* 2010: 13.5 GW, down from 14.2.
* 2011: 15.5 GW, down from 17.9.
* 2012: 17.2 GW, down from 20.2.

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