top solar companies to be worried about in 2012

Discussion in 'Economy' started by Nova78, Apr 13, 2012.

  1. Nova78
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    Nova78 Silver Member

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    The top solar companies to be worried about in 2012 — Cleantech News and Analysis

    2011 was a difficult year for solar manufacturers, and don’t expect 2012 to get much better. Lux Research’s Matt Feinstein pens a predictive article for PV Magazine looking at the top solar companies he thinks will struggle in the near term:

    1). Nanosolar
    2). Solopower
    3). Abound Solar
    4). Solarworld
    5). Oerlikon
    6). Suntech Power


    BP Solar Announces it’s shutting down December 2011
    Energy Conversion Devices Announces temporary suspension of all factories November 2011
    Evergreen Solar Declares bankruptcy August 2011
    MEMC Electronic Materials Idles one factory December 2011
    REC Cuts silicon wafer production in Norway January 2012
    Satcon Technology Closes inverter factory in Canada January 2012
    Schott Solar Closes cell factory in Germany December 2011
    Solar Millennium Files for insolvency December 2011
    Solland Solar Exits cell production January 2012
    Solon Shuts down U.S. factory. Declared insolvency. December 2011
    SolarWorld Shuts U.S. factory September 2011
    Solyndra Declares bankruptcy August 2011
    SpectraWatt Firesale for $4.9 million September 2011
    Stirling Energy Systems Declares bankruptcy September 2011

    The sun shines most everyday, whats the problem ?
     
  2. waltky
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    waltky Wise ol' monkey Supporting Member

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    European solar demand strugglin'...
    :eek:
    First Solar lays off 2,000 as Europe demand wanes
    April 17, 2012 — First Solar Inc. is laying off 2,000 workers and closing its plant in Frankfurt, Germany, in response to waning demand for solar panels and increased competition from China.
     
  3. waltky
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    waltky Wise ol' monkey Supporting Member

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    Two more solar companies go bankrupt...
    :redface:
    Denver Post: Colo. Solar Panel Maker That Got $400M Federal Loan Guarantee Goes Bankrupt
    June 29, 2012 - Abound Solar, the panel maker with facilities in Loveland, Longmont and Fort Collins, will close its doors next week and liquidate, leaving 125 workers jobless and taxpayers with up to a $60 million tab.
     
    Last edited: Jun 29, 2012
  4. iamwhatiseem
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    iamwhatiseem Gold Member

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    Yay for slave labor in China....whoohoo...
     
  5. waltky
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    waltky Wise ol' monkey Supporting Member

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    Another solar company bites the dust...
    :eusa_eh:
    Chinese solar panel maker Suntech defaults on $541 million payment
    3/19/2013 — Suntech, one of the world's biggest solar-panel manufacturers, said Monday it has defaulted on a $541 million bond payment in the latest sign of the financial squeeze on the struggling global solar industry.

     

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