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Solar sector shakeout looms as credit crunch bites

Written on:November 8, 2008
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Many of the world’s solar energy companies could fail or fall into the arms of stronger rivals as the financial crisis raises borrowing costs and as solar module prices fall.

Any such shake-out would in turn precipitate consolidation in the industry, which has for years been attracting heavy investment and government subsidies that have driven supply ahead of demand.
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