CIGS solar product makers may have to wait longer to prosper. The solar market has been off-balanced since 2011. This has been causing many solar firms to suffer losses. The market is expected to experience more obstacles as governments in Europe plan to make huge incentive cuts in 2012.

Most CIGS solar product makers have been developing the technology but have not begun production due to higher costs, said industry sources.

Industry leading US-based CdTe thin-film solar product firm First Solar has also been affected by price cuts for mainstream polysilicon modules. First Solar has suspended some of its capacity in 2012.

Industry sources noted that the CIGS firms that have not begun production will extend the schedule even further due to tough market conditions. Many world-renowned firms such as Taiwan-based Taiwan Semiconductor Manufacturing Company (TSMC), South Korea-based Samsung Electronics, Japan-based Solar Frontier, and Germany-based Wurth have been devoted to developing CIGS technology.