After Solyndra has filed bankrupt protection a few months before, today CEO of Fist Solar has stepped down. It will be very much negative sign on solar panel market in USA due to oversupply by many of Chinese manufacturers. The question is is it temporary slow demand of solar panel by overall sluggish economy situation or some of supply should stop manufacturing like DRAM case.
Many experts estimated that it’s temporary situation and the demand of solar panel will be increased soon. That’s everyone’s hope who are currently involved in solar market. Otherwise, some scenario of “chicken” game will happen in this solar market soon. Some other experts mentioned that in order to overcome Chinese cost advantage, there should be a certain type of technology innovation continuously that happened in Apple’s smart series.
Meanwhile, USA government has provided lots of subsidies to local solar manufacturers to boost up the market. It’s another type of boomerang for USA citizens, which I do not like to see in any cases and any countries. With huge amount of tax payers’s money that has put in for vitalizing the market, there is no clean and clear records which has eaten up the huge amount of money and there is Chapter 11 announcement. There should be more integrated system of money lending not to happen these things in the future. Finance team should do the some better job, instead of focusing to get some bonus by some type of false performance. It’s called “greediness”, along with idle negligence by normal people’s perspective.
Any idea about solar market?
http://money.cnn.com/2011/10/25/technology/first_solar_ceo/index.htm?iid=SF_T_LN
Tags: first solar, solyndra
