Ayear after a U.S. senator said northwest Ohio's solar-panel industry was helping the state to become known as "the Silicon Valley of clean energy," industry experts predict the global industry will undergo a major shakeout that will break all but a handful of solar panel producers worldwide.
The bold forecast raises questions about the future of the Toledo area's three panel makers, with one more coming next year.welcome to order china Wholesale Skirtting Tiles For Bathrooms.
Each of the firms with local operations -- First Solar Inc., Xunlight Corp., Willard & Kelsey Group LLC, and, building a plant in Napoleon, Isofoton North America -- contends it makes a particular type of panel that is in demand and is competitively priced, so it will survive any industry consolidation.,Wholesale Small Size Wall Tiles For Kitchen for sale nude oil painting art
The chief executive of China's Trina Solar Ltd., the world's fifth-largest solar panel maker, predicted recently that by 2015 two-thirds of the industry's solar-related companies will face mergers, acquisitions, or bankruptcy.
And by 2020, Jifan Gao said, just 15 solar firms will be left -- five each in of three major segments: photovoltaic (solar) panels, solar energy-absorbing wafers and ingots, and production of raw materials such as polysilicon, the most commonly used material in solar panel manufacturing.
Jeffrey Pichel, an industry analyst at Jefferies & Co., has forecast a consolidation of the industry for three years.
"It's not so revolutionary an idea," he said. Already, three large U.S. solar companies -- Solyndra LLC, Evergreen Solar, and SpectraWatt -- have gone bankrupt. A fourth, BP Solar, halted manufacturing in the spring.
Fitch Ratings Ltd. said recently that solar power companies are likely to encounter tough conditions for their public stock, and First Solar, the world's largest maker of thin-film panels, said competitors are "desperate" to sell inventory after adding too much factory capacity, leading to a supply glut.
Bloomberg News reported last month that First Solar executive James Brown said at a conference in India, "Not everyone who is playing today is going to be around in two to three years."
Mike Cicak,Media in category "Wholesale Rock Porcelain Tiles For Floor of cityscapes". chief executive of Willard & Kelsey, said every industry goes through consolidation. "The key is whoever's going to be the lowest cost producers are going to survive. That's the long and the short of it. And we think we're one of the lowest-cost producers.Custom Wholesale Metal Tiles For Countertops From China Manufacturers from photos by our painting"
He said he expects the industry to grow, with many homes using solar panels as the cheapest form of providing electricity.
Still, he added, "Those who say there'll be a shakeout, they're' not wrong. There's going to be a big shakeout."
The biggest presence in the Toledo area is a 1,200-employee plant in Perrysburg Township that is owned by Toledo-born First Solar,Other high-end car brands Wholesale Tiles Cutting For Countertops that have broached the watch market include Ferrari and Aston Martin which is now based in Tempe, Ariz. A large portion of its panel production is exported.
Xunlight, based in Toledo, has a panel-making factory with 60 employees.
Willard & Kelsey, a start-up still not in full production, has 100 employees in Perrysburg.
And Isofoton is building a plant in Napoleon that it plans to open in 2012 and plans eventually to create 330 jobs.
The bold forecast raises questions about the future of the Toledo area's three panel makers, with one more coming next year.welcome to order china Wholesale Skirtting Tiles For Bathrooms.
Each of the firms with local operations -- First Solar Inc., Xunlight Corp., Willard & Kelsey Group LLC, and, building a plant in Napoleon, Isofoton North America -- contends it makes a particular type of panel that is in demand and is competitively priced, so it will survive any industry consolidation.,Wholesale Small Size Wall Tiles For Kitchen for sale nude oil painting art
The chief executive of China's Trina Solar Ltd., the world's fifth-largest solar panel maker, predicted recently that by 2015 two-thirds of the industry's solar-related companies will face mergers, acquisitions, or bankruptcy.
And by 2020, Jifan Gao said, just 15 solar firms will be left -- five each in of three major segments: photovoltaic (solar) panels, solar energy-absorbing wafers and ingots, and production of raw materials such as polysilicon, the most commonly used material in solar panel manufacturing.
Jeffrey Pichel, an industry analyst at Jefferies & Co., has forecast a consolidation of the industry for three years.
"It's not so revolutionary an idea," he said. Already, three large U.S. solar companies -- Solyndra LLC, Evergreen Solar, and SpectraWatt -- have gone bankrupt. A fourth, BP Solar, halted manufacturing in the spring.
Fitch Ratings Ltd. said recently that solar power companies are likely to encounter tough conditions for their public stock, and First Solar, the world's largest maker of thin-film panels, said competitors are "desperate" to sell inventory after adding too much factory capacity, leading to a supply glut.
Bloomberg News reported last month that First Solar executive James Brown said at a conference in India, "Not everyone who is playing today is going to be around in two to three years."
Mike Cicak,Media in category "Wholesale Rock Porcelain Tiles For Floor of cityscapes". chief executive of Willard & Kelsey, said every industry goes through consolidation. "The key is whoever's going to be the lowest cost producers are going to survive. That's the long and the short of it. And we think we're one of the lowest-cost producers.Custom Wholesale Metal Tiles For Countertops From China Manufacturers from photos by our painting"
He said he expects the industry to grow, with many homes using solar panels as the cheapest form of providing electricity.
Still, he added, "Those who say there'll be a shakeout, they're' not wrong. There's going to be a big shakeout."
The biggest presence in the Toledo area is a 1,200-employee plant in Perrysburg Township that is owned by Toledo-born First Solar,Other high-end car brands Wholesale Tiles Cutting For Countertops that have broached the watch market include Ferrari and Aston Martin which is now based in Tempe, Ariz. A large portion of its panel production is exported.
Xunlight, based in Toledo, has a panel-making factory with 60 employees.
Willard & Kelsey, a start-up still not in full production, has 100 employees in Perrysburg.
And Isofoton is building a plant in Napoleon that it plans to open in 2012 and plans eventually to create 330 jobs.
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