Party is over for dirt-cheap solar panels, says China executive

DAVOS, Switzerland (Reuters) – The global solar power industry is about to lose a major competitive windfall as prices of Chinese-made solar panels begin to recover after a collapse last year, the leader of one of the world’s top manufacturers said on Thursday. Solar panel prices tumbled around 30 percent last year after China, the world’s largest producer, cut subsidies to shrink its bloated solar industry, pushing smaller manufacturers to the brink of collapse. Luo said solar panel prices were already stabilizing and he expected them to rebound by 10 to 15 percent as the Chinese industry consolidates over the next year or two.

Source: www.reuters.com