In 2010 were the solar panels manufacturers in Europe did not meet the demand. Consequently, the subsidies for solar panels of new companies in many countries also withdrawn. So there is more supply, but much less demand. The condition has led many companies are on the verge of bankruptcy.The market for solar panels especially in Europe, given the very hard time in Germany and Italy as the two largest markets in the world. Those two countries had first large subsidies for those solar panels erected. However, these are eliminated which reduces demand, and that combined with a greater supply ensures a massive oversupply.
For those interested in solar panels all have a bright side. This year, the price of solar panels down over 35 percent. This brings the price of this type of green energy is already close to the energy generated from fossil fuels. It has also ensured that the United States is investing heavily in the 'cheap' solar panels.
General Electric has just been announced that the company's largest solar park in the U.S. will be build. The new park in the state of Colorado will have an annual capacity of 400 megawatts, good for about 80,000 homes with electricity. The total electricity provided by solar panels this year to reach 1.5 gigawatts.