2009 Will be a Year of Consolidation in Solar

After a run of some years of heady double digit growth the Solar PV sector in the US has hit a period of slower growth in which some of the weaker players are being shaken out of the market. This year will be characterized by consolidation as more successful firms and better capitalized firms build their market share and absorb weaker players. This shakeout was inevitable and is natural, but it was undoubtedly triggered by the financial crash of late 2008 coupled with the bursting of the oil futures speculative bubble and the temporary collapse in prices on the oil spot markets.