Shift in Solar Demand to Asian Heavy Weights

"Weakened demand for solar power projects in major markets like Europe and the United States as a result of the global credit crunch has resulted in production overcapacity of solar panels, says a new report by analysis firm.

As a consequence of this, says Frost & Sullivan’s Asia Pacific program manager of Energy & Power Systems Practice, Irina Sidneva, “The current financial crisis has lowered the amount of funds available for high-cost solar power projects, forcing many companies to re-evaluate their position in the key solar power markets of Europe and the United States, as well as to re-focus their strategic moves.”
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Labels: Solar News, Solar power, Solar Projects, Solar Stocks

posted by Ertai at 6:51 AM