Suntech exec sees excess solar supply coming to US
REUTERS - Planned cuts to Germany's solar power incentives will probably prompt solar companies to ship excess panels to the United States, pressuring equipment prices here, a top U.S. executive for China's Suntech Power Holdings (STP.N) said on Thursday.
Germany is the top market for photovoltaic solar systems,
with about 50 percent of the global market, but the government
there is planning to cut prices paid for solar power from
roof-mounted systems by 15 percent from April 1. "Anything that happens in Germany has a ripple effect,"
Roger Efird, Suntech's managing director for business
development in the United States, told the RETECH energy
conference.
