Solar Industry Consolidation Continues

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It’s almost as it were on cue—unfortunately. This week German giant Siemens said it was getting out of the solar industry. Now the Norwegian Renewable Energy Corp. (REC) said it would be a good candidate for a takeover. Both stories follow a report last week which forecasted that more than 180 companies in the solar business could be purchased or go out of business by 2015. The report by GTM Research suggested that the majority of companies that...

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