Featured in States seal the deal – 10-2011

Price war in Hamburg

EU PVSEC: Cold, hard winds blew off the harbor as the 26th EU PVSEC came to a close in Hamburg. Many reported slow business and observed massively slashed module prices from Chinese manufacturers: an opportunity for the increasing competitiveness of solar electricity on the one hand, but a challenge for the innovative ability of the industry and the survival of European module and cell manufacturers on the other.

“I’ve never experienced anything like it,” said Solarpraxis Chief Executive Officer Karl-Heinz Remmers while discussing plummeting module prices within only a few days during the 26th EU PVSEC. This is after cell and module prices had already fallen unchecked in the first half of the year. According to Goetz Fischbeck from BHF Bank, Frankfurt, Chinese …

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