The falling prices are forcing all manufacturers to put more effort into improving their manufacturing technology and moduleefficiency in order to get back ahead of the rapidly declining cost curve.
The increasing focus by countries on renewable sources of power in the last few years has made the solar industry highly competitive with companies differentiating themselves largely on module manufacturing costs and moduleefficiency.
As conventional photovoltaic module prices plunged, thin-film companies found themselves under increasing pressure to raise the efficiency of their products and lower manufacturing costs to remain competitive.