The top solar companies to be worried about in 2012

Nanosolar Germany

2011 was a difficult year for solar manufacturers, and don’t expect 2012 to get much better. Lux Research’s Matt Feinstein pens a predictive article for PV Magazine looking at the top solar companies he thinks will struggle in the near term:

  • 1). Nanosolar
  • 2). Solopower
  • 3). Abound Solar
  • 4). Solarworld
  • 5). Oerlikon
  • 6). Suntech Power

Yikes. A week ago power electronics maker, Satcon Technology, announced it will lay off 35 percent of its workers and shut down its factory in Canada. That news followed reports that Silicon Valley solar panel maker GlobalWatt canceled a plan for a solar factory in Michigan.

And in case you’ve forgotten in the New Year’s fog, here’s the solar makers that shuttered or closed factories in 2011:

Company Action Date
BP Solar Announces it’s shutting down December 2011
Energy Conversion Devices Announces temporary suspension of all factories November 2011
Evergreen Solar Declares bankruptcy August 2011
MEMC Electronic Materials Idles one factory December 2011
REC Cuts silicon wafer production in Norway January 2012
Satcon Technology Closes inverter factory in Canada January 2012
Schott Solar Closes cell factory in Germany December 2011
Solar Millennium Files for insolvency December 2011
Solland Solar Exits cell production January 2012
Solon Shuts down U.S. factory. Declared insolvency. December 2011
SolarWorld Shuts U.S. factory September 2011
Solyndra Declares bankruptcy August 2011
SpectraWatt Firesale for $4.9 million September 2011
Stirling Energy Systems Declares bankruptcy September 2011

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