The solar sector is among the most hated on Wall Street. Many names in the solar sector that are heavily shorted, in spite of it being the fastest growing energy sector in the U.S. Meanwhile, the world is using oil faster than it’s being pumped, which is economically dangerous, because oil price spikes have preceded all recessions since 1970. More renewables could serve to lessen our ridiculous economic vulnerability to oil prices.
The manufacturers of the equipment and production lines that are needed to produce solar cells and modules are an important segment of the overall value chain in the solar PV sector as a whole. These companies are making a wide variety of equipment that finds use in the manufacture of solar cells, ranging from tradition semi-conductor manufacturing equipment that has grown out of the computer semi-conductor industry, to more exotic things like specialized inkjet printers and lasers. Who are these US based solar photovoltaic equipment manufacturers and how are they fairing in the global recession of 2009?
In this survey we are looking at the large US headquartered solar PV manufacturers with a view to examine how they are doing in this difficult economic climate. As basically anyone knows, who has not been cloistered away meditating in some cave, 2009 has been a very tough year for pretty much everyone.
Wacker Chemie AG will build a $1 billion plant in southeastern Tennessee that is estimated to create 500 green collar jobs in the region to manufacture hyperpure polycrystalline silicon, primary material used in the manufacture of solar panels. The company has purchased a 550-acre site about 30 miles northeast of Chattanooga. purchasing the site in Chattanooga will enable it to quickly build up its production capacity outside of the Euro zone in order to meet the projected growth in demand for solar cell feedstock in the US market.