GTM Research projects worldwide PV panel production to top 15 GW in 2010

(ADPnews) - Oct 29, 2010 - The global production of solar photovoltaic (PV) panels is seen to exceed 15 GW in 2010 and to surpass 25 GW by 2013, regardless of a projected sector slowdown in 2011 due to expected lower subsidies in major markets, GTM Research writes.

In its report, PV Technology, Production and Cost Outlook: 2010–2015, the research outfit also projects that panel prices on the retail market will drop to less than USD 1 (EUR 0.727) a watt by 2012, driven by solid competition. "Our global pricing analysis projects higher-cost panel producers to come under significantly more pressure in 2011 as PV continues to become more commoditised and low-cost manufacturers such as First Solar (NASDAQ:FSLR) and top-tier Chinese firms add more capacity," GTM Research analyst Shyam Mehta writes.

GTM Research listed US First Solar Inc, Chinese Trina Solar Ltd (NYSE:TSL) and Chinese Yingli Green Energy (FRA:YG11) as the top three in the sector as far as panel output, manufacturing expenses, efficiency, and bankability by 2013 are concerned.

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