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March 13,2009
Introducing The PV Newsletter
Linx Consulting is pleased to introduce the PV Newsletter

The PV newsletter is the first in a series of newsletters for the solar industry from Linx Consulting. Our research team has nearly two decades of experience in fundamental research and our network of relationships spans public, private and governmental alternative energy leaders.  We actively produce research that is both practical and fundamentally sound.  Our access to a highly specialized professional set of investors, corporate executives, and governmental and University research leaders opens doors for extensive research and valuable insights.

Every month, The PV Newsletter will bring you our latest perspectives and insights on the solar industry to help you make the right decisions for your business, reducing risk and increasing results for your company.

Linx Consulting is not afraid of making the tough calls.  We were the first to recognize the scale and the sustained nature of polysilicon oversupply, even as spot prices hit $400.  Linx now sees polysilicon pricing as becoming close to cash cost, and feel that it will not see a demand driven price increase for 12 to 24 months.

Another tough call is illustrated below:

PV Module Demand to Drop in 2009
Cost drivers for process modules

The economic slowdown that started in 2008 has led to a situation of building inventory in the flat plate solar industry.  Further credit restrictions and recessionary economics in 2009 will lead to market contraction.  However, Linx Consulting sees growth returning in 2010, especially as the Obama administration has supported PV as part of the American Recovery and Reinvestment Act.

Last chance for savings on our new report on Chemicals and Materials for PV Cells and Modules

Linx Consulting's new report CHEMICALS AND MATERIALS FOR PV CELLS AND MODULES will be published in the next 6 to 8 weeks.  Once published, report pricing will be increased from $7,500 to $10,000.  We strongly urge any company interested in this report to sign up now and as a bonus, we will provide you with a gratis copy of the old report.

This report will deliver analysis of the industry materials requirements, detailed market forecasts to 2015, analysis of emerging trends, and discussion of opportunities for suppliers of chemicals and materials for photovoltaic cells and modules. This report will be an authoritative source of strategic, tactical and forecast information for marketers and executive management for producers and users of these materials. Read more....

For more information, please contact Mark Thirsk at 617.273.8837 or or Mike Corbett at 973.698.2331 or

Downturn in PV module demand leads to solar industry supply chain risk

  • Solar companies across value chain are facing serious fundamental issues
  • Falling Solar IRR, adverse exchange rate movement, weak demand outlook, declining module ASP, margin erosion and decreased profitability.
  • The current credit crisis has lead to "global recession".  This could have the following adverse effect on the solar industry:
    -  Dwindle in Government tax receipts causing cuts in solar subsidies.
    -  Non-availability of funds / higher cost of finance to new solar projects.
    -  Abandonment of new projects and delay in completion of existing expansion projects by solar companies.
    -  Companies with bad cash flow position could face insolvency due to bad liquidity position caused by decreased profitability and high financing cost.
  • Materials Suppliers servicing the industry should consider their 2009 strategic position in light of these risks:
    -  There are opportunities to enter the market as the landscape changes.
    -  There are risks in market returns of incumbent market positions.
Linx Also Offers Custom PV Services
Our Custom PV services revolve around the following areas:

PV services

Linx Consulting offers other reports on the Electronic Materials Industry. If you don't find exactly what you're looking for in a Linx report, we can design a custom report for your company to address your unique decision-making needs.

Call us at 973.698.2331 or send us an email us at for more information.

Mike Corbett & Mark Thirsk
Linx Consulting
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