Global solar PV module inventories reach 10 GW

[FBaggins]

Look for lower prices to come.

Global solar photovoltaic (PV) module inventory levels have reached over 10 GW in the second quarter of 2011, the highest amount recorded to date, according to IMS Research.

The high inventory levels combined with lower incentive levels for solar PV in key European markets, have contributed to rapidly decreasing prices during the quarter.

A sudden slowdown in completed installations due to the halting of the Italian market, as well as a slower than expected start to the year in other key European markets, has led to a sharp increase in stock levels throughout the solar PV supply chain. Inventory levels at manufacturers, distributors, integrators and installers have all climbed during the first half of 2011.

...snip...

As well as the large channel inventory of solar PV modules, supplier inventory has also grown quickly in early 2011; most suppliers are reporting that year-to-date production has far exceeded shipments. The resulting increase in solar PV modules held in stock by suppliers has taken the total solar PV module inventory over the 10 GW mark.

http://www.renewableenergyfocus.com/view/18139/global-solar-pv-module-inventories-reach-10-gw/

[dkf]

1. Well that is one good thing about producing in China. They have more margin as their costs are low

I imagine we can being down prices before it becomes unprofitable.

[Trajan]

2. 22.1 gigawatts ?

22.1 GIGAWATTS ! ..... Great Scott !

Jk .... Thanks for the link ...

[RC]

3. Relax already.

That's peak rated output. Solar panels very seldom produce their rated peak output and can never sustain it anyway for no other reason than the sun sets.

[Trajan]

4. Relax ?

I just quoted one of the most famous movie lines of the 80's, and you tell me to RELAX ?

You can't handle the truth ....