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Solar Panel Price Drop Slowing Amid Steeper Subsidy Cuts

The pace at which prices of solar panels are falling will slow this year amid steeper subsidy cuts in Germany, the world’s biggest market for the industry, Solarworld AG Chief Executive Officer Frank Asbeck said today.

Asbeck predicts module prices will drop 13 percent on average in 2012, less than half the level of Germany’s expected solar subsidy cuts.