SINGAPORE (May 6): Goldman Sachs Group sees an end to the gloom for solar manufacturers as demand in China stabilises and free-falling panel prices bottom out.

China, the world’s biggest solar market, sent convulsions around the globe last year when it dialled back incentives and slowed development. That exacerbated a global panel glut and has sent prices tumbling 26% — forcing some manufacturers to sell below their costs.

Now Goldman sees installations in China stabilising in 2019 at around 42GW, analyst Brian Lee writes in a research note. Globally, the investment bank forecasts 15% growth.

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