Renewable Energy in a bubble?

Clawhammer · Oct 27, 2011

Norway's Renewable Energy Corporation, one of the world's biggest solar equipment makers, is looking at slashing capacity at three plants in its home country as the industry struggles with a global glut in supply and some of the sharpest price falls it has ever experienced.

About 700 employees now face unemployment. That is almost half the Norwegian workforce of REC, which employs more than 3,900 people worldwide, including 1,500 in Singapore and 800 in the US.
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http://www.ft.com/cms/s/0/d415d79e-e9e2-11e0-a149-00144feab49a.html#ixzz1bysCLJ00

margins nearly halved to 12% compared with 22% in 2010. The company said the operating result was negatively affected by a weak solar market and closing down of less efficient output capacity.

REC said the decrease in revenues and profit was mainly explained by reduced selling prices and lower sales volumes.
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http://www.platts.com/RSSFeedDetailedNews/RSSFeed/ElectricPower/8507188

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Renewable Energy in a bubble?

Clawhammer Well-Known Member Silver Stacker

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Renewable Energy in a bubble?

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