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Nov. 9 (Bloomberg) -- First Solar, the world’s largest maker of thin-film solar panels, said competitors are “desperate” to sell inventory after adding too much factory capacity that has led to a supply glut and plummeting prices.
“Not everyone who is playing today is going to be around in two to three years,” James G. Brown, president of First Solar’s utility-systems business, told a conference today in Hyderabad, India. Prices for photovoltaic panels have declined in part due to “agressive pricing by participants who are desperate to find a home for their products,” he said.
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