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Global Oversupply of Solar PanelsThe solar analyst Jenny Chase said that in 2012, the condition of the solar panels oversupply will exacerbate. In 2011, the oversupply of solar panels result in the solar stocks losses up to $ 30 billion. In 2012, solar power plant developers will install 28.4GW solar, power installations and solar manufacturing capacity reached 45GW. In 2011, global new installed capacity is 28GW. In the first half of 2011, the solar panel oversupply lead to product prices have fallen sharply and weakened the profitability of solar energy companies. Chase said in an interview: "The profit margin in 2012 will become worse; Speaking of bankrupt enterprises, in 2012 there will be more. Chinese Government has made it clear that will not support the solar module manufacturer which are not competitive. Earlier PV giant said that the growth of the PV market demand in 2012 will support the solar industry. And in 2011, China's installation of solar photovoltaic device is 2.2GW, and China's new PV installed capacity in 2012 will exceed 5GW.New Technology is Expected to Boom Solar Panel IndustryAccording to foreign reports, Santa Barbara of California recently announced that scientists have developed a new technology: "light-centralized system" model, the system is four times cheaper than traditional photovoltaic solar panels, and more efficient. The traditional solar concentrator is big and bulky, which is equipped with many small mirrors, the sunlight is stored directly to the battery. Like a child burning ants with a magnifying glass to focus sunlight to generate a lot of heat. This new technology brings a good news to the off grid solar power system industry.Solar Panel Installation Costs May ReduceIn order to let more and more home and business users afford to use solar photovoltaic systems, energy scientists and engineers is working on two research projects, in order to simplify solar installation, and reduce installation costs. The two new projects will be more integration of solar electricity from the power company, commercial construction and civil residential. The first investment is $ 2.9 million for the improvement of the basic technology of the solar home systems, thereby reducing the cost of key components. The second project will invest $ 3 million, focuses on the application of commercial rooftop solar systems research, developed a pre-connected and configured components to simplify the installation of rooftop solar systems in commercial buildings. At present, the Chinese government is investing hundreds of millions of dollars to promote the development of the solar energy industry.www.solarmodulesystem.com is a high-tech photovoltaic company specialized in the solar module, PV system project research, produce, sales and after sales service. From 10w ~ 300w monocrystalline and polycrystalline solar panels pass test standard of IEC61215, IEC61730 & UL1703. Solar panel gets CEC from America California approval, solar system also pass America ETL. Welcome to visit our website!