Electrical Engineering Expert On Solar Energy

The future of solar industry is suffering due to falling oil prices, supply issues and the lack of financing for solar projects.  Miroslav Begovic, a solar and electrical engineering expert at Georgia Tech, says even with declining prices for silicon and other materials, tax incentives and advancements in technology, the cost of generating juice from solar is still two or three times the cost of generating electricity through traditional sources.  Semiconductor.net writes:

Even as new solar factories opened in places like Austin, Texas and greater Atlanta in recent weeks, several big solar companies in China and Canada warned that they'll pull back on expansion plans and preserve cash after customers canceled projects and credit markets dried up. Shares of many publicly held solar companies have fared even worse than the overall stock market.

Industry analysts, meanwhile, are now predicting that there may soon be a worldwide glut of solar panels and silicon -- the key ingredient for solar cells -- amid the industry's recent buildup.