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US solar panel makers turn away from utilities

Change in tax policy leads to slowdown in power plant deals, which may hit results

Published Thu, Aug 11, 2016 · 09:50 PM

    New York

    THE top two US solar manufacturers are shifting away from the biggest domestic market because utilities aren't signing as many deals to buy electricity from their giant power plants.

    SunPower Corp, the No 2 US panelmaker, said on Tuesday that it's turning its attention to rooftop power, while First Solar Inc, the biggest producer, now expects more of its growth to come from selling panels to other companies.

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