Hard times for solar photovoltaic industry

Solar photovoltaic (PV) manufacturers face numerous challenges in the swiftly changing industry with the rapid decline in PV panel prices raises financial pressures on manufacturers.

Reuters reports that the swelling size of project installations to achieve aggressive renewable energy goals increases completion risk. Moreover, projects that reach completion remain exposed to uncertain long-term panel performance.

The bankruptcies of Solyndra, Evergreen and SprectraWatt highlight the exposure of long-term financing for solar power projects to potentially short-lived manufacturers, according to a new report by Fitch Ratings.

As these pressures mount, few solar power manufacturers have an adequate level of financial strength to back warranty obligations for the full term of project finance debt.

For more solar photovoltaic news



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...