Solar Industry Braces With Looming Glut Eroding Panel Prices
- Panelmakers boosting capacity 18% this year as demand slows
- Supply glut comes five years after industry’s last downturn
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Solar manufacturers that are ramping up production now face a looming glut of panels, forcing companies to adjust or face dire consequences.
Trina Solar Ltd., Canadian Solar Inc. and JinkoSolar Holding Co. are among the suppliers boosting output at factories that will expand global capacity by 18 percent this year, according to Bloomberg New Energy Finance.