Featured in Latin sunrise – 04-2012

Caught in the crosshairs

Global market overview: 2011 was a year of extremes for the PV industry: record installations; a dramatic fall in module prices; and a plethora of companies closing their doors. According to Mercom Capital Groups Raj Prabhu, 2012 will remain challenging, with the industry having been firmly caught in the cross hairs of Europes economic crisis. Continued oversupply and less installed capacity are also to be expected.

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pv magazine

02 Apr 2012

All indications are that 2012 will be extremely challenging. The oversupply situation will continue and, adding to the woes, the major markets in 2012 – Germany and Italy – are expected to install under half of what they did in 2011, particularly if Germany goes along with its proposed feed-in tariff (FIT) plans. Consequently, predictions …

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