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Article: Shift of Demand for Solar Energy From Europe and United States to Asian Heavy Weights, Finds Frost & Sullivan.
- Article from:
- PR Newswire
- Article date:
- July 7, 2009
CopyrightCOPYRIGHT 2009 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SINGAPORE, July 6 /PRNewswire/ -- The global solar power industry is currently going through turbulent times. In the last few months, reviews of previously planned expansion programs, restructuring, lower revenue and profit forecasts, and cuts in production levels by solar power companies were widely covered in the news.
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According to Frost & Sullivan's Asia Pacific Program Manager of Energy & Power Systems Practice, Irina Sidneva, the key reason cited by industry participants was the weakened demand for solar power projects in major markets like Europe and the United States as a result of the ...