Although the financial reports released by major manufacturers in the solar photovoltaic industry are still unsatisfactory, such as the world's largest thin-film solar module manufacturer First Solar Inc. (FSLR-US), and the world's largest solar thin-film factory SunPower (SPWRA-US) hellip; The top executives of the company believe that the solar industry, which was originally in the haze, is expected to see a clear blue sky next year!
The solar industry is not doing well this year. Struggling in the tight credit market, coupled with global overproduction and falling prices, has made the industry suffer and suffer. Steven Chan, head of strategy at China's solar panel maker Suntech Power Holdings Co., said: "I think we are already in the middle of a turning point. We seem to have come out of the lows of the past."
At the Solar Energy International Conference held last week, British Petroleum (BP-UK; BP) solar units, SharpCorp (6753-JP; Sharp), and other senior executives of solar power companies are looking forward to next year's industry outlook. Hold the same optimistic attitude. The solar industry, which has grown by more than 40% in a few years, has also suffered from the economic downturn, but companies are still holding on to the growth outlook for next year.
Senior executives said that there are many reasons to boost industry growth next year, including the US to allocate stimulus funds, support green programs, extend tax incentives and some new financing.
RonKenedi, vice president of Sharp Solar Energy Solutions Group, said: I think this is a warm-up. Kenedi said that the implementation of government projects is a bright spot, and Reyad Fezzani, CEO of BP Solar, said that the new subsidy program in the market will stimulate industry growth, such as the Indian market, while the Italian market has accumulated a lot of growth momentum. .
Fezzani expects the global solar industry to grow by 50% next year, and alerting to repressed demand may even provoke new supply issues. He said: Supply training may be again nervous and frankly said that the market's final recovery from long-term to short-term is still the biggest challenge.
He quoted some reports from his report, pointing out that some companies that make inverters are already running out of stock, while Steven Chan of Suntech, Wuxi, said that the first quarter of next year revealed good signs of strong sales. His company is still annoyed with how to allocate the solar panels that customers need.
Although the price of solar panels has fallen by about 50% in the past year, companies have indicated that the downward trend has gradually eased or has stopped. Chan said that the price of solar panels in the fourth quarter has stabilized and will probably fall by about 8% to 10% next year.
Olaf Koester, CEO of Solon, a German solar module factory, pointed out that the market expects more polysilicon, and the profit of raw materials will be more pressured. Some companies in the industry are still worried that the financial situation has not fully recovered. BP's Fezzani said that companies still need banks to provide timely financing.
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