Q-Cells Expects Difficult Year for Solar Industry, Boersen Says

Q-Cells SE (QCE) expects another “very difficult” year for the solar industry as overcapacity continues to weigh on pricing, Boersen Zeitung reported, citing an interview with Chief Executive Officer Nedim Cen.

“We will all burn a lot of money in 2012,” Cen is cited as saying. The solar panel maker plans to be debt-free by the summer helped by a financing restructuring, the newspaper said.

To contact the reporter on this story: Annette Weisbach in Frankfurt at aweisbach1@bloomberg.net

To contact the editor responsible for this story: Angela Cullen at acullen8@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.