Look for lower prices to come.
Global solar photovoltaic (PV) module inventory levels have reached over 10 GW in the second quarter of 2011, the highest amount recorded to date, according to IMS Research.
The high inventory levels combined with lower incentive levels for solar PV in key European markets, have contributed to rapidly decreasing prices during the quarter.
A sudden slowdown in completed installations due to the halting of the Italian market, as well as a slower than expected start to the year in other key European markets, has led to a sharp increase in stock levels throughout the solar PV supply chain. Inventory levels at manufacturers, distributors, integrators and installers have all climbed during the first half of 2011.
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As well as the large channel inventory of solar PV modules, supplier inventory has also grown quickly in early 2011; most suppliers are reporting that year-to-date production has far exceeded shipments. The resulting increase in solar PV modules held in stock by suppliers has taken the total solar PV module inventory over the 10 GW mark.
http://www.renewableenergyfocus.com/view/18139/global-solar-pv-module-inventories-reach-10-gw/