2013-01-24
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The difficulties that the global solar industry experienced in 2012 were both clear and expected. Continuing excess solar photovoltaic (PV) manufacturing capacity spurred a collapse in prices across the PV value chain, creating consistently negative margins and negative profitability for upstream PV manufacturers.
This led to a large number of bankruptcies, insolvencies and acquisitions, but also trade wars between the United States and China, the EU and China, and between India and everyone else.
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