#1 cleantech news, reviews, & analysis site in the world. Subscribe today. The future is now.

Clean Power : Solar_panels_in_Ogiinuur1.jpg

Published on October 18th, 2012 | by Jake Richardson


180 Solar Panel Manufacturers Could Disappear by 2015

October 18th, 2012 by  

GTM Research says many PV solar panel makers will go under or be acquired soon. The global marketplace is simply over-saturated, the company’s report states, so dramatic changes are coming. The difference in PV supply and demand could be 35 GW a year.


About 88 companies are predicted to shutter PV factories, mainly in the United States, Europe, and Canada. The cost of solar panels and their manufacture has dropped so much it is simply too costly to produce them competitively in certain parts of the world. The number of companies affected by the fast-changing market conditions is huge, and very sad for the demise of their once promising ventures.

“Manufacturing costs for firms in Europe, the U.S. and Japan are currently over 80 cents per watt. The cost for their Chinese competitors is between 58 cents and 68 cents per watt. The writing is on the wall: these companies will either take what they can get via acquisition or they will bow out,” said the report’s author, Shyam Mehta, Senior Analyst at GTM.

Even the Chinese manufacturers are vulnerable, though. About 54 of them are anticipated to go under as well. Some of these companies have been called ‘solar zombies’ because they have received government support while not functioning competitively on their own.

Of course, scores of workers will lose their jobs, and even though some national economies may experience a slight uptick, it is still a very tough time to find a good job.

Much political hay was made with the Solyndra demise and one can only imagine a huge loss of various solar panel companies might be similarly exploited. It is difficult to be sympathetic to failed government-supported ventures, but there are also gigantic and ongoing subsidies for fossil fuels, so I think the continued support for renewable energy is completely reasonable and justifiable.

Image Credit: Chinneeb

Tags: , , ,

About the Author

Hello, I have been writing online for some time, and enjoy the outdoors. If you like, you can follow me on Google Plus.

  • Lilia Rhodes

    I hope the government will give sometime to focus on this and support on the creation of competitive solar panels. Saving the environment is priceless anyway.

    • Bob_Wallace

      I think there are something like 900 panel manufacturers. A large number could close and we’d still have more than enough supply to keep the pipeline full and prices down.

      Failure of a lot of companies is expected as technologies mature. The ones who haven’t been able to produce at the best prices run out of start-up money and close their doors. The most efficient survive. The survivors compete with each other on quality and price, driving quality up and price down, and that works wonders for us consumers.

      If you go back and look at the history of the US computer business over 150 companies, some of them big names, died as we went along.

Back to Top ↑