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Falling Solar Panel Prices Hit U.S. Solar Development, an Industrial Info News Alert


July 24, 2012 - SUGAR LAND, TX

Researched by Industrial Info Resources (Sugar Land, Texas) -- Solar panel prices have dropped more than 50% in the last year, according to the U.S. Department of Commerce, and imports of Chinese-made solar cells nearly quadrupled from $639 million in 2009 to $3.1 billion in 2011. The impact of this increase in supply and drop in price are being felt in the U.S. with company closures and delays in development and manufacturing. Two prominent examples of this are the closure of Abound Solar Incorporated (Loveland, Colorado) and the 18-month-minimum delay GE Energy (NYSE:GE) (Fairfield, Connecticut) announced for the planned opening of a solar panel manufacturing plant in Colorado.

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Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, and eight offices outside of North America, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the www.industrialinfo.com "Contact Us" page.

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