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RenewableS 2013 GlObal STaTUS RePORT - REN21

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66 Based on production capacity of 56.5 GW from IHS Solar, per<br />

EPIA, op. cit. note 1, p. 54; 75.8 GW of modules and 61.2 GW of<br />

cells in 2012, up from 65.9 GW of modules and 56.2 GW of cells<br />

in 2011, from GTM Research Competitive Intelligence Tracker,<br />

April <strong>2013</strong>; 70 GW of modules according to SEIA and GTM<br />

Research, op. cit. note 23. The wide range of numbers reflects the<br />

difficulty of counting production capacities when the industry is in<br />

overcapacity, per Masson, op. cit. note 1. Production capacities<br />

often refer to announced capacities, which are generally higher<br />

than actual, and contract manufacturing increases risk of double<br />

counting, per EPIA, op. cit. note 1, p. 52.<br />

67 Based on China representing 64% of global production in 2012,<br />

per GTM Research Competitive Intelligence Tracker, April <strong>2013</strong>;<br />

and on estimate that mainland China alone has capacity for more<br />

than 59 GW of annual production, and Taiwan has about 8 GW,<br />

per Tim Ferry, “Capacity Control: How Will China and Taiwan Solar<br />

Manufacturers Survive Post-Tariffs?” RenewableEnergyWorld.<br />

com, 13 November 2012; China’s production capacity was<br />

equal to the global market from Labwu ZengXian, “Domestic<br />

Demand Can Save Chinese PV,” RenewableEnergyWorld.com, 12<br />

December 2012.<br />

68 Thin film’s share of total production in 2012 was 11%, per GTM<br />

Research Competitive Intelligence Tracker, April <strong>2013</strong>. Its share<br />

fell from a high of 21% in 2009, and 13% in 2011, per GTM<br />

Research, PV News, May 2012.<br />

69 Paula Mints, “Reality Check: The Changing World of PV<br />

Manufacturing,” RenewableEnergyWorld.com, 5 October 2011.<br />

70 China’s share was 64% (up from 59% in 2011), per GTM Research<br />

Competitive Intelligence Tracker, April <strong>2013</strong>. Firms in mainland<br />

China and Taiwan alone accounted for 70% of global cell production<br />

in 2012, per Ferry, op. cit. note 67.<br />

71 GTM Research Competitive Intelligence Tracker, April <strong>2013</strong>.<br />

72 Ibid.<br />

73 EPIA, op. cit. note 1, p. 50.<br />

74 GTM Research Competitive Intelligence Tracker, April <strong>2013</strong>. Ten<br />

of the top 15 manufacturers were in Asia in 2010, per Greentech<br />

Media, PV News, April 2011.<br />

75 Based on data from GTM Research Competitive Intelligence<br />

Tracker, April <strong>2013</strong>. Note that Suntech was in fifth place behind<br />

Canadian Solar, followed by Sharp, Jinko Solar, Sunpower, REC<br />

Group, and Hanwha SolarOne, to round out the top 10, and Solar<br />

Frontier and Kyocera (both Japan) were in the 11th and 12th<br />

spots (up from 14 and 17, respectively), per IHS, cited in Jonathan<br />

Cassell, “China’s Yingli Tops PV Module Supplier Rankings in<br />

2012; Suntech Slips to Fifth,” Solarplaza.com, 11 April <strong>2013</strong>.<br />

Yingli and First Solar were in the top two spots, followed by<br />

Suntech and Canadian Solar; Sharp is ranked sixth, followed by<br />

Jinko Solar, JA Solar, SunPower, and with Hanwha SolarOne in<br />

10th position, per SolarBuzz, cited in Zachary Shahan, “Graph of<br />

the Day: World’s Top Ten Solar PV Suppliers,” solar360.com, 15<br />

April <strong>2013</strong>.<br />

76 Project development side from Jennifer Runyon, “Strategic<br />

Investing in the Solar Industry: Who is Buying Whom and Why,”<br />

RenewableEnergyWorld.com, 5 December 2012; manufacturers<br />

affected included Solarworld (USA), Yingli Solar (China), Trina<br />

Solar (China), and First Solar (USA), per Sarasin, op. cit. note 61.<br />

77 Shyam Mehta, “Global PV Module Manufacturers <strong>2013</strong>:<br />

Competitive Positioning, Consolidation and the China Factor,”<br />

GTM Research, <strong>2013</strong>. Companies filing for insolvency included:<br />

Solon SE, Solar Millennium AG, and Solarhybrid in Germany,<br />

per Stefan Nicola, “China Price War Draining Jobs in Germany’s<br />

Solar Valley,” Bloomberg, 7 September 2012, at www.renewableenergyworld.com;<br />

Sovello and Solecture in Germany from<br />

Ucilia Wang, “Solar Woes Continue with Sovello’s Bankruptcy<br />

Filing,” RenewableEnergyWorld.com, 14 May 2012; CIGs thin-film<br />

manufacturer Centrotherm in Germany from Ucilia Wang,<br />

“No End In Sight? The Struggle of Solar Equipment Makers,”<br />

RenewableEnergyWorld.com, 30 November 2012, and from<br />

BNEF, “Star Shines Bright for China as Europe’s Subsidies Fade,”<br />

Energy: Week in Review, 9–16 July 2012; Renewable Energy<br />

Corp. (REC) Wafer Norway AS from Stephen Treloar, “REC ASA<br />

to File for Insolvency of Norway Solar Wafer Unit,” Bloomberg,<br />

14 August 2012, at www.renewableenergyworld.com; REC<br />

shut down all manufacturing in Europe by April 2012, per Kari<br />

Williamson, “REC Closes Remaining Norwegian Solar Production,”<br />

RenewableEnergyFocus.com, 27 April 2012; Siliken (Spain) from<br />

Mercom Capital Group, “Siliken Files for Insolvency,” Market<br />

Intelligence Report – Solar, 4 February <strong>2013</strong>; Alicante (IATSO,<br />

Spain) from Mercom Capital Group, “Spanish Module Producer<br />

Iatso Files for Insolvency,” Market Intelligence Report – Solar, 25<br />

February <strong>2013</strong>; U.S. thin-film manufacturer Konarka Technologies<br />

from Jennifer Runyon, “Thin Film Organic Solar PV Maker Konarka<br />

Technologies Files for Chapter 7,” RenewableEnergyWorld.com,<br />

4 June 2012; Abound Solar (USA) from GTM Research, cited<br />

in Ucilia Wang, “Q2 Report Shows US Solar Market Booming,<br />

Utility-Scale Projects Leading,” RenewableEnergyWorld.com, 10<br />

September 2012; amorphous silicon thin-film startup Signet Solar<br />

(USA) from Ucilia Wang, “No End In Sight? The Struggle of Solar<br />

Equipment Makers,” RenewableEnergyWorld.com, 30 November<br />

2012, and from BNEF, op. cit. this note; a-Si manufacturing pioneer<br />

UniSolar (USA) from Paula Mints, “PV Still Facing a Bumpy<br />

Ride: Working in a Low-incentive World,” Navigant Consulting,<br />

10 September 2012, at www.renewableenergyworld.com. In<br />

addition, Schüco International KG (Germany) reported plans to<br />

stop production and R&D of thin-film products, per “Schüco shuts<br />

doors on thin film,” PV Intelligence Brief, 1–14 August 2012, at<br />

http://news.pv-insider.com; Schott Solar (Germany) withdrew<br />

from crystalline silicon sector but remained in thin film, BIPV, and<br />

CSP market, per Sile McMahon, “Solar shakeout: Schott Solar<br />

announces surprise exit from c-Si manufacturing,” PV-tech.org,<br />

29 June 2012.<br />

78 U.S. estimate from Coalition for American Solar Manufacturing,<br />

cited in Jennifer Runyon, “Can We Really Blame China for<br />

Solar Manufacturer Bankruptcies?” RenewableEnergyWorld.<br />

com, 6 November 2012; European and Chinese companies<br />

from Bowden, op. cit. note 23, p. 7; 50 Chinese manufacturers<br />

had closed by mid-July 2012 from Ucilia Wang, “Into Thin Air:<br />

The Disappearance of Dozens of Chinese Solar Companies,”<br />

RenewableEnergyWorld.com, 11 July 2012.<br />

79 Ferry, op. cit. note 67; idled plants from Leslie Hook, “China’s<br />

Solar Industry on ‘Life Support’,” Financial Times, 18 October<br />

2012.<br />

80 USD 20 billion from Bowden, op. cit. note 23, p. 7; Keith Bradsher,<br />

“Suntech Unit Declares Bankruptcy,” New York Times, 20 March<br />

<strong>2013</strong>.<br />

81 Centre for Science and Environment, Fortnightly News Bulletin, 17<br />

January <strong>2013</strong>, at www.downtoearth.org.in.<br />

82 China’s Hanergy Holding Group bought U.S. CIGs maker Miasole;<br />

SK Group (South Korea) bought HelioVolt; Chinese-Singaporean<br />

joint venture TFG Radiant Group’s interest in Colorado’s<br />

Ascent Solar Technologies Inc., and Taiwan Semiconductor<br />

Manufacturing Co. Ltd.’s stake in San Jose, California-based<br />

Stion, which also received a strategic investment from Korean<br />

solar equipment maker Avaco, per “Solar Wind Blows Up a Flurry<br />

of Deals,” Sunday Morning Herald (Australia), 18 October 2012;<br />

Q-Cells filed for insolvency in early 2012, per “Strong Year for<br />

Solar PV as Support Subsidies Slashed,” Renewable Energy Focus,<br />

July/August 2012; Q-Cells purchase from Vince Font, “Newly<br />

Launched Hanwha Q.CELLS Becomes World’s Third Largest<br />

Solar Manufacturer,” RenewableEnergyWorld.com, 25 October<br />

2012; top in 2008 from Paula Mints, “The Often Unprofitable,<br />

Always Challenging Road to Success of the Photovoltaic Industry,”<br />

RenewableEnergyWorld.com, 6 February <strong>2013</strong>.<br />

83 Wang, op. cit. note 28; Chisaki Watanabe, “Panasonic Starts<br />

Malaysia Solar-Panel Plant to Meet Japan Demand,” Bloomberg.<br />

com, 13 December 2012; GE in response to the rapid decline<br />

in wholesale prices for solar panels, from GTM Research, cited<br />

in Ucilia Wang, “Q2 Report Shows US Solar Market Booming,<br />

Utility-Scale Projects Leading,” RenewableEnergyWorld.com, 10<br />

September 2012; GE return to R&D from Paula Mints, “Marketing<br />

Optimism versus Healthy Optimism,” Navigant Consulting, 9 July<br />

2012, at www.renewableenergyworld.com; GTM Research and<br />

SEIA, op. cit. note 19, p. 73; Bosch will try to sell solar ingot, wafer,<br />

cell, and panel production assets, but will keep developing solar<br />

thin-film technology for the time being, per Stefan Nicola and<br />

Christoph Rauwald, “Bosch Quits $2.6 Billion Solar Foray in Week<br />

of Suntech Failure,” Bloomberg.com, 22 March <strong>2013</strong>; Julia Chan,<br />

“Siemens Plans Solar Business Exit,” PV-tech.org, 22 October<br />

2012.<br />

84 “R&D Solar Spend on the Backburner,” PV Intelligence Brief, 20<br />

June 2012, at http://news.pv-insider.com.<br />

85 Font, op. cit. note 54; Jennifer Runyon, “Staying Alive: Could Thin-<br />

Film Manufacturers Come Out Ahead in the PV Wars,” Renewable<br />

Energy World, May-June 2012, pp. 79–83.<br />

86 For example, Total and subsidiary SunPower commissioned new<br />

44 MW module manufacturing and assembly plant in Porcelette,<br />

France, per “Total and SunPower Commission Manufacturing<br />

02<br />

Renewables <strong>2013</strong> Global Status Report 151

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