Solar manufacturers expect shipments to increase this year as a global glut drives prices to “unsustainable” levels.
Suntech Power Holdings Co., the world’s largest solar panel company, expects shipments of as much as 2.5 gigawatts this year, up 19 percent from 2.09 gigawatts in 2011, according to a statement today. Canadian Solar Inc. said yesterday that shipments will increase as much as 51 percent to 2 gigawatts.
