Euro Crisis Slowing Solar Panel Installs, SMA Solar Says
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Europe’s debt crisis will cause global solar-panel demand to fall this year before returning to “moderate growth” in 2012, Germany’s biggest solar-power company by market value said.
Installations will be 19 gigawatts to 21 gigawatts, down from a record 23 gigawatts in 2010, SMA Solar Technology AG said today after posting third-quarter earnings that beat analysts’ estimates.