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Solar crisis drags Germany's SMA into loss


09 Aug. 2013 by

REUTERS - Plunging prices for solar equipment caused a bigger than expected loss at SMA Solar , putting more pressure on Germany's top sector player to escape a crisis that has rattled most parts of the industry.


A glut of cells and panels as well as tough competition from Asia has led to a pricing squeeze in the solar industry over the past four years, pushing many former heavyweights into insolvency including Q-Cells, Solon and Conergy.

 

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