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Overheated market for solar energy leads to industry's painful consolidation

By Marco Mangelsdorf

POSTED: 01:30 a.m. HST, Oct 23, 2013

~~<p>Remember the 1983 film with Tom Cruise and Rebecca De Mornay, &quot;Risky Business&quot;? Toward the end, after Cruise's character had to pay back all the money he made the night before to the pimp, Guido sarcastically asks, &quot;Time of your life, huh kid?&quot;</p>
<p>In Hawaii, where photovoltaic sales went off the charts last year, we collectively had the time of our lives and, for a growing number of integrators, are now having to give back those profits as PV sales on Oahu have been down for the past six straight months. According to my crystal ball, the amount of PV sold in 2013 will be down around 20 percent compared to last year.</p>
~~

Remember the 1983 film with Tom Cruise and Rebecca De Mornay, "Risky Business"? Toward the end, after Cruise's character had to pay back all the money he made the night before to the pimp, Guido sarcastically asks, "Time of your life, huh kid?"

In Hawaii, where photovoltaic sales went off the charts last year, we collectively had the time of our lives and, for a growing number of integrators, are now having to give back those profits as PV sales on Oahu have been down for the past six straight months. According to my crystal ball, the amount of PV sold in 2013 will be down around 20 percent compared to last year. Login for more...



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