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Solar panel overcapacity expected in 2009, says The Information Network

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Solar panel overcapacity expected in 2009, says The Information Network

While solar energy panel sales have and will continue to grow at a rate of about 40% per year, market research firm The Information Network indicated that several key growth drivers, including high oil prices, a polysilicon shortage and government subsidies, are expected to have less of an effect on the market in 2009. Considering that the costs of solar are not yet able to compete with traditional sources of energy, overcapacity in the market is expected in the short-term.

More here at Digitimes.

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