Korea: All Set With Solar PV Manufacturing?

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Last week we reported that Samsung was withdrawing from the crystalline solar market, a market to which it had previously pledged billions of dollars of investment. This week we’ve learned that Hyundai Heavy Industries, another Korean giant with photovoltaic aspirations, is calling it quits, according to an article in the Korea Times. And we’ve heard [...]Related posts:Samsung: All Set With Solar? Greentech Media has long viewed...

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  • Windsun
    Windsun Solar Expert Posts: 1,164 ✭✭
    #2
    Re: Korea: All Set With Solar PV Manufacturing?

    It looks like Samsung and Hyundai are both giving up on solar http://www.greentechmedia.com/articles/read/Korean-Exodus-From-the-Solar-Industry

    It also looks like a couple of the Chinese companies may call it quits or consolidate. Yingli, JA Solar, and Rena Solar will probably survive, but some others are a bit iffy.

    In the boom years when solar manufacturing was hot, dozens of new companies started getting into it. But then demand dropped drastically as massive subsidies and tax breaks started going away. Coupled with a huge oversupply, solar panel prices dropped to record lows - at least for now. But there are indications that prices may hit bottom soon as the huge cutbacks in production are gradually having some effect on the oversupply. You can only sell panels below cost for so long before it bites back...
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  • solarvic
    solarvic Solar Expert Posts: 1,072 ✭✭✭✭
    #3
    Re: Korea: All Set With Solar PV Manufacturing?

    So basically it sounds like now is the ultimate time to buy solar panels. solarvic
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