* It was once the world's largest maker of solar cells. But around 2009, Q-Cells reluctantly handed over that title to a handful of low-cost suppliers from China. And today we learn that South Korea's Hanwha Corp (NASDAQ:HSOL) is looking to buy the now insolvent German group. Of course, this comes as no surprise to those of you who are regular readers of these pages. We've been preaching about, and watching unfold, the continued consolidation of the solar industry. We expect to see more of this throughout the rest of this year and well into 2013 and beyond. We believe that by 2015, there will be fewer than a dozen major solar players operating globally. For now, we continue to watch everything play out from the sidelines.
* It was once the world's largest maker of solar cells. But around 2009, Q-Cells reluctantly handed over that title to a handful of low-cost suppliers from China. And today we learn that South Korea's Hanwha Corp (NASDAQ:HSOL) is looking to buy the now insolvent German group. Of course, this comes as no surprise to those of you who are regular readers of these pages. We've been preaching about, and watching unfold, the continued consolidation of the solar industry. We expect to see more of this throughout the rest of this year and well into 2013 and beyond. We believe that by 2015, there will be fewer than a dozen major solar players operating globally. For now, we continue to watch everything play out from the sidelines.
Credit: [Jeff Siegel]
Labels:
cars and vehicles