China Suntech Sees Solar Cell Prices Peaking

China’s Suntech Power Holdings Co. Ltd. said on Friday it expects rising prices for solar power cells will start to decline as soon as next year, fuelling demand for solar energy.

“Several major manufacturers, including Suntech, consider that in the next year we need to cut the price … to bring this industry into a healthier type of situation,” said Zhengrong Shi, chief executive of one of the world’s 10 biggest makers of solar cells.
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