Made in China
China: Massive production overcapacities continue to buffet the Chinese PV industry. At Solarcon China 2012 in Shanghai on March 22nd, Ewout Vandamme, Business Development Manager for sawing wire supplier NV Bekaert SA, mentioned a staggering 37 percent production utilization among Chinese wafer manufacturers in the last quarter of 2011.
In the same week at Asia Solar, China Sunergy’s CEO Stephen Cai predicted a further decline in Chinese crystalline module prices from €0.65 in the first quarter of 2012 to €0.55 per Watt by the end of the year. This comes after module prices plummeted by fifty percent in 2011. At these price levels, Chinese …
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