U.S. solar industry remains in flux
The solar industry's future is still cloudy.
The U.S. solar industry has been buffeted by serious supply and demand challenges, but depending on which study you believe, it could be getting a lot better or a lot worse.
NPD Solarbuzz Quarterly, a publication of the research firm NPD Group, said by late this year market demand will be within about 8 percent of supply. Demand is expected to be about 17.2 gigawatts in the second half of the year.
Over at GTM Research, the picture isn’t so optimistic. A report out this week finds that while demand may hit 30 gigawatts this year, there will be roughly 59 gigawatts of capacity for panel production.
That equates to a lot of factories closing in the next couple of years, according to the study’s authors.
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