Chinese manufacturers also spilled considerable red ink during the year, however none of the large Chinese PV companies have failed yet. Instead, Chinese manufacturers have posted worse and worse balance sheets, have received minor bailouts from government entities, and in some cases have sold off portions of their businesses to state-owned enterprises.
Asian PV markets rise
Mercom Capital estimates that Japan's PV market doubled to 2.5 GW in 2012. Also, JPEA found that the nation's PV cell and module imports increased more than 300% year-over-year in the third quarter of 2012 to 32% of the total market, as Japan's PV manufacturers struggled to meet this sharp increase in demand.
Technology progress: CPV
Also, in December 2012 Soitec announced the long-awaited opening of its CPV factory in Southern California, which will supply modules for hundreds of megawatts of plants under contract which are based on its Concentrix technology.