The solar supply glut continues

Forbes:
...Solar panel makers are on track to deliver 59 gigawatts of their products worldwide this year when demand will likely hit 30 gigawatts, according to a report released by GTM Research Wednesday. To re-establish a healthy balance of supply and demand, an estimated 21 gigawatts of existing factories will close by 2015, said Shyam Mehta, author of the report....
The glut continues despite a 50 percent drop in prices.  I think that in most applications the solar panel is just too inefficient  to deliver dependable electricity at a reasonable price despite the drop in price.

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