[RE-wrenches] REC Solar melt-down

[Marco]

 Anyone else out there horrified by this kind of news from REC Solar in
Norway?  WTF?!
 
marco

 

REC to Recall All of Its Solar Panels From 2008

Thursday, 18 June 2009 13:43 

Greentech Media 

 

Renewable Energy Corp will repair or change all of the solar panels it sold
in 2008 and a quarter of those it sold in 2007 because of a manufacturing
defect, according to Dagens
<http://www.dn.no/forsiden/naringsliv/article1689470.ece> Naeringsliv.

 

The total comes to around 420,000 solar panels. So far 100,000 panels have
been returned. The whole exercise will cost around $56 million.

 

A recall like that, of course, just makes a bad situation worse for REC.
Sales plummeted late last year with the economic downturn. Sales in Spain
were particularly hard hit. The country actually surpassed
<http://www.greentechmedia.com/articles/read/report-global-solar-industry-ra
ked-in-371b-in-2008-5899/> Germany to become the largest solar market in the
world due to a high feed-in tariff. But it also caused a land rush that lead
to an oversupply of panels. Although some parts of the world economy have
shown signs of stabilization, solar prices continue to decline.

 

Link:
http://www.solarfeeds.com/greentech-media/7596-rec-to-recall-all-of-its-sola
r-panels-from-2008.html

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