Home Must Reads Solar turmoil spreads

Solar turmoil spreads

| Print |  Email
Must Reads
Tuesday, February 07, 2012

Solar industry problems are spreading to wafer and ingot manufacturers.

So far, Oregon's manufacturers appear intact, with relatively new factories that are automated and efficient enough to withstand plunging world prices for the solar ingredients. But one closure hits close to home: A spokesman for Sanyo, a Japanese company with a plant in Salem, confirmed Monday that it would shut a California factory that makes solar wafers using older technology. 
Producers blame a worldwide glut of silicon ingots and the wafers they're sliced into to make the solar cells that go inside panels. As with cells and panels, much of the oversupply results from increased production in China, analysts say, as well as demand declines from reduced European subsidies for solar power. 
The analysts say industry turmoil and continued low prices will at least indirectly affect Sanyo, SolarWorld and other companies with Oregon operations that the state has subsidized to attract. Across the United States, some factories could move to other states, such as Texas and Mississippi, that offer rich incentives, said Fatima Toor, a Lux Research analyst in Boston. She expects more closures, layoffs, mergers and potential bankruptcies.

Read more at OregonLive.com.

{biztweet}solar industry{/biztweet}

 

More Articles

Healthcare pullback

News
Thursday, November 20, 2014
112014-boehnercare-thumbBY JASON NORRIS | OB CONTRIBUTOR

Each month for Oregon Business, we assess factors that are shaping current capital market activity—and what they mean to investors. Here we take a look at two major developments regarding possible rollbacks of the Affordable Care Act (ACA).


Read more...

Downtime

November/December 2014
Wednesday, October 22, 2014
BY JESSICA RIDGWAY

Bob Dethlefs, CEO of Evanta, balances work and play.


Read more...

100 Best Nonprofits to Work for in Oregon [VIDEO]

News
Thursday, October 02, 2014

Screen shot 2014-10-02 at 11.17.21 AMMore than 5,500 employees from 180 organizations throughout the state participated in the 100 Best Nonprofits to Work for in Oregon project.


Read more...

Revenge Forestry

November/December 2014
Tuesday, October 14, 2014
BY JONATHAN FROCHTZWAJG

A flare-up in the Elliott Forest raises questions about détente in Oregon’s timber wars.


Read more...

Political Clout

November/December 2014
Wednesday, October 22, 2014
BY KIM MOORE

Businesses spend billions of dollars each year trying to influence political decision makers by piling money into campaigns.


Read more...

Shifting Ground

November/December 2014
Wednesday, October 22, 2014
BY JOE ROJAS-BURKE

Bans on genetically modified crops create uncertainty for farmers.


Read more...

The short list: 5 hot coffee shops for entrepreneurs

Contributed Blogs
Friday, November 14, 2014

CupojoeBY JESSICA RIDGWAY

Oregon entrepreneurs reveal their favorite caffeine hangouts.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS