Mid-sized German firms face peril in PV shake-up, says report

The PV industry will continue to post robust annual growth for the foreseeable future – but only a select list of the strongest companies will be around to enjoy it, according to Bank Sarasin.

Analysts have been predicting a shakeout in the PV industry for years. Yet despite a number of significant changes, from the industry’s centre of gravity moving decisively towards China, to the recent deluge of layoffs at European manufacturers, there have been few instances of mergers or bankruptcies among Tier 1 players.

But with even the fittest manufacturers and systems-integrators swallowing heavy losses – and most governments in no mood to expand support for the technology – the long-touted industry crack-up may finally be in the offing, says a report published by Log in to read complete article.

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