Solar Power Cost Decline Steeper

From Future Pundit:

The cost of solar panels dropped almost in half in the last year in Germany.

In the last year — solar panel prices dropped to $2.10 a watt from about $4.10 in Germany — and only about half the global manufacturing capacity is being used, said Steve O'Rouke, an analyst with Deutsche Bank.

"We've seen an awful lot of angst and difficulty," O'Rouke said. "You have to expect some companies to go out of business."

Deutsche Bank is forecasting a structural over-supply in the market until at least 2011.

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