Deals
Darwin Effect Cuts Photovoltaic Prices, Abound Solar Says
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Abound Solar Inc., the photovoltaic-panel maker using technology favored by General Electric Co. and First Solar Inc. of the U.S., said bankruptcies that are culling higher-cost rivals will help cut module prices to $1 a watt.
“This is Darwinism at work in business,” Julian Hawkins, senior vice president of sales and marketing at the closely held U.S. manufacturer, said in a telephone interview. “It’s probably a good thing in the long run.”