PV modules up 10% – Conergy CEO

Conergy CEO Philip Comberg

Conergy CEO Philip Comberg

PV module prices have risen by up to 10% in recent months, and there are “sustainable reasons” why that trend will continue during the rest of the year, Conergy CEO Philip Comberg said.

“One of the reasons is the current debate about EU anti-dumping measures,” Comberg said during an earnings conference call.

But he added that another factor may be that companies that had been able to enter the market with “combat prices” can possibly no longer afford to take the financial hit, and now find themselves under pressure from financing institutions to boost profitability and sell their products at different prices.

Chinese PV companies such as Suntech or LDK Solar in recent months have defaulted on bonds after themselves being hard hit by falling module Log in to read complete article.

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