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Gilbert Porter in Law360: Despite Ch. 11 Woes, Sun Still Shines On US Solar
August saw a surge in bankruptcies among U.S. solar panel manufacturers, but the failures are not an epitaph for the U.S. industry, just the reflection of a new phase where viable companies must contend with prevalent, affordable and efficient Chinese panels, according to attorneys...Excerpt from Law360, Sept. 13, 2011. To view the full article, click here.
The grim numbers, however, point to the evolution of a cutthroat global solar market rather than the inevitable demise of American industry, attorneys say.
A rash of bankruptcies are inevitable as manufacturers are forced to come to grips with a market where solar panels are a commodity, mass-produced, reliable and judged primarily by their generation capability, said Gilbert Porter of Haynes and Boone LLP. Yet the field is merely thinned, not doomed.
“Essentially, solar power is a maturing industry,” Porter said. “At bottom, there’s no question that Chinese manufacturers are driving the costs down, and therefore driving others out of the market, but that’s not necessarily a bad thing.”