Having
peaked
at
$94bn
in
2011,
when
global
PV
installations
hit
27.7GW,
total
PV
industry
revenues
have
since
retreated
for
two
straight
years,
falling
to
$75bn
in
2012
–
despite
the
32GW
of
new
capacity
that
was
added.
The
decline
is
chiefly
due
to
the
rapidly
tumbling
price
of
everything
from
polysilicon
to
finished
modules,
which
has
more
than
offset
overall
volume
growth,
and
set
in
motion
a
savage
wave
of
consolidation
and
bankruptcy.
Last
Friday,
Germany’s
SolarWorld
–
both
a
bellwether
and
a
flashpoint
of
controversy
within
the
global
PV
industry
for…
