ALBUQUERQUE, N.M. (AP) - New Mexico's solar manufacturing industry is alive and well despite a market glut of solar panels that forced one producer to close its doors.
The Albuquerque Journal reports (http://bit.ly/Q7wmn3) that most of New Mexico's solar manufacturing businesses aren't making solar panels and instead are building mounting platforms, solar-tracking systems and other components for solar installations that are in high demand.
A market glut, low demand in recession-strapped Europe and a flood of cheap Asian imports are driving down solar panel prices and creating intense competition among manufacturers.
That's what forced Schott Solar to close its 200,000-square-foot panel factory in Albuquerque this summer.
In contrast, New Mexico's solar-component manufacturers say business is booming.
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Information from: Albuquerque Journal, http://www.abqjournal.com
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