The solar industry is poised to experience a 17 percent drop in sales in 2009, despite the massive amount of public and private money supporting the sector.
Solar power companies are expected to sell about 4.6 gigawatts of solar cells and panels in 2009, compared with about 5.5 gigawatts in 2008, reports , citing estimates by Paula Mints, a principal analyst at Navigant Consulting. Mints says that it would be the first time the solar market experiences a drop in sales.
Germany is expected to account for 56 percent of these sales, taking market shares away from Spain, which experienced a decline after the government capped the country’s solar incentive program at 500 megawatts. Read More »