Solar thin-film maker ECD shutters production

Date: 11 November 2011
A glut of solar panels and crushing prices have made life difficult for solar manufacturers this year, and bad news keeps coming.

Longtime solar thin-film maker Energy Conversion Devices, which has factories in Michigan, Canada and Mexico, has suspended manufacturing and will furlough 400 workers.

The Michigan-based company said it needs to stop production because it has made more solar panels than it can sell. The company only opened its plant in Ontario, Canada, earlier this year, hoping to take advantage of the regional market’s generous government subsidies. But the company has long been struggling to grow and make money.

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600450 Solar thin-film maker ECD shutters production
Date: 11 November 2011

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