Going Bust Amid a Boom: US Solar Installations Soar as Growing Businesses Fall ...
A transactions 449 megawatts (MW) of new solar electric power capacity was installed in the US in this year’s third quarter (3Q). More solar electric power power came online in 3Q 2011 than in all of 2009, and year-over-year growth is expected is expected to be higher yet in Q4, according to a GTM Exploration-Solar Energy Industries Association (SEIA) report released yesterday.
More than 1,000 MW of of solar power capacity was installed in the US through 3Q 2011, significantly more than 2010′s annual entire of 887 MW, according to the “ U.S. Solar Market Insight: 3rd Quarter 2011 ” report. The 449 MW of newly installed solar power place in 3Q 2011 represents a 140% year-over-year increase.
Yet amidst the boom, once leading industry players are current bust. Booming demand for solar panels was preceded by an even greater ramp up in production and supply of solar grade silicon wafers, solar photovoltaic (PV) cells and solar PV panels and modules. Unfledged, growing businesses have failed and a growing number are being pushed to the brink, and not only in the US.
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it will rely upon the group's strong background in nanotechnology and quantum engineering. The quantum dot layer gives the new solar cell a hugely