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...

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.”

Excerpt from Law360, Sept. 13, 2011. To view the full article, click here.

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