Regional
12:39 pm
Mon October 8, 2012

Solar Business Booming In New Mexico

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 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



Copyright 2012 The Associated Press.