Panels solar energy industry has excess supply relief - Industry Report

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Panels solar energy industry has excess supply relief - Industry Report

Reuters, Los Angeles, November 13 - --- According to industry research firm iSuppli released a report on Friday, benefiting from strong demand in Germany, the global oversupply of solar panels, the most serious problem has been out of the period. Germany is the world's largest solar market.

Due to financial crisis, the Spanish government to stimulate the industry to recover the policy also led to lower demand, a large backlog of solar panels this year, prices fell sharply.

iSuppli had previously forecast an oversupply of solar panels will run through the year 2010, but the latest report said the surplus may be resolved next year.

Photovoltaic Research iSuppli senior leader Henning Wicht said, "With the sharp decline in the price of photovoltaic systems, solar panels installed in Germany in July to a record high volume."

iSuppli said it now expects 2009 global solar demand exceeded the supply of nearly 66% lower than in August about 92% of the expected.

The recently announced earnings of solar energy companies have given a positive prediction. Solar panel manufacturers in China - Yingli Green Energy Holding Company Limited (YGE.N: Quote) Friday reported stronger-than-expected quarterly profit and said demand exceeds supply in Europe.

In addition the European renewable energy companies - such as Germany Q-Cells AG (QCEG.DE: Quote), etc. - After a difficult year after cost cuts and the expected increased demand for stimulation, but also full of optimism for 2010 .

Lithium iron battery project located in a county

November 9, Xingtai City, a county in East Berlin and Hong Kong (International) Investment Co., Ltd. signed a contract with a total investment of 500 million yuan for high-power lithium iron battery project settled in the county, and complete the project site and land planning, access to equipment procurement and land acquisition phase of the project.

It is reported that high-power lithium iron battery project in line with national industrial policy, has broad prospects for development. The first phase investment of 3.5 billion, the construction period of one year, after the completion of safety can be formed 100 million when the production capacity, output value of 700 million yuan, profits of 1 billion yuan, will Xingtai City electric bicycle, automobile and information industry development positive impact.

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