SOURCE: Industrial Info Resources

Industrial Info Resources

July 24, 2012 06:15 ET

Falling Solar Panel Prices Hit U.S. Solar Development, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - Jul 24, 2012) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Solar panel prices have dropped more than 50% in the last year, according to the U.S. Department of Commerce, and imports of Chinese-made solar cells nearly quadrupled from $639 million in 2009 to $3.1 billion in 2011. The impact of this increase in supply and drop in price are being felt in the U.S. with company closures and delays in development and manufacturing. Two prominent examples of this are the closure of Abound Solar Incorporated (Loveland, Colorado) and the 18-month-minimum delay GE Energy (NYSE:GE) (Fairfield, Connecticut) announced for the planned opening of a solar panel manufacturing plant in Colorado.

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