If you are convinced that next year will be a painful one for solar, then check out the latest figures from market research firm iSuppli: Revenue for the global solar panel market is expected to plummet nearly 20 percent in 2009.
That would be a drop from $15.9 billion in 2008 to $12.9 billion in 2009, coming after solar panel companies have experienced eight years of growth.
Blame it on the oversupply of panels. There will just be too many companies making them and not enough demand to erect them all. The problem already has occurred: The industry produced 7.7 gigawatts worth of panels in 2008 but installed only about half of them, said iSuppli’s solar analyst Henning Wicht....
CSP Concentrating Solar Power
Despite the staggering capital requirements for the plant build-out, VCs have invested enormous amounts of early-stage funding in parabolic troughs, power towers, and Stirling engines. Once the technology is worked out, the challenge for these firms in 2009 is the financing of these billion dollar projects. VCs can’t do that without help from banks, PE investors, and government.
Ausra: Utility-scale solar thermal using a parabolic trough-based system with a “compact linear fresnel reflector" used in conjunction with a yet undisclosed thermal storage technology. Their most recent funding round was $60.6 million from KERN Partners, Generation...
We had the scoop on SolarEdge a few week's back, and here's the update.
SolarEdge closed its $23 million Round B led by Vertex Venture Capital with the participation of all previous investors. Its previous round was $11.8 million in funding from Walden International, Opus Capital and Genesis Partners.
We've also heard that EnPhase, another player in that field, is in the midst of raising their next round. SolarEdge had a lot of buzz amongst silicon valley VCs as well as raising the interest in the other players in the solar balance of plant (BoP) sector.
Here's a look at this facet of the solar market.