Solar Shares Rally May Fizzle in ‘Flat’ 2012 Market, HSBC Says
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The rally in solar shares is expected to fizzle out, HSBC Holdings Plc said, forecasting “flat” photovoltaic panel installations for 2012.
Global solar panel installations will total 25.5 gigawatts of capacity in 2012, down from last year’s 26 gigawatts, the London-based bank said in an e-mailed note. It predicted 25 gigawatts of installations in 2013 and 27.275 gigawatts in 2014.