To the list of solar companies that have projected lower prices for their products in the near future — think Q-Cells, Renesola, Solon, Suntech Power Holdings and SunPower — you can now add German solar panel manufacturer SolarWorld.
Frank Asbeck, CEO of SolarWorld, said in an interview that he expects photovoltaic solar panel prices to drop more than 10 percent in 2009 and 2010, Reuters reported Monday.
That will push down SolarWorld’s profit margins by about two percentage points, Asbeck said. Still, he predicted that his company’s sales would grow 25 percent to 30 percent next year.
Asbeck pointed to an increase in global capacity — that is, an excess of supply...