Bloomberg News

First Solar Says Competitors ‘Desperate’ to Sell Panels in Glut

November 09, 2011

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.

To contact the editor responsible for this story: Todd White at twhite2@bloomberg.net


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