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Into Thin Air: The Disappearance of Dozens of Chinese Solar Companies

11 July 2012:

Renewable Energy World Online:

The bankruptcies of roughly two dozen U.S. and European photovoltaic manufacturers have framed much of the story about an oversupply of solar panels and crashing prices over the past year. What’s less known is the impact on the PV manufacturing industry in China, where over 50 companies also have closed, said John Lefebvre, president of Suntech Power’s American operations, during Intersolar in San Francisco on Wednesday.

The consolidation trend is working its way through the ranks of lesser-known Chinese solar manufacturers while the top companies in China are gaining greater market shares, Lefebvre said. The shakeout within China’s solar industry isn’t surprising, though many Chinese companies, unless they are publicly traded, don’t announce their closures or other big changes to their operations. In comparison, about a dozen U.S. manufacturers and “several” European companies have met the same fate, Lefebvre said.  Read more…

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