Since early 2011, the policy changes regarding the important photovoltaic market countries have resulted in diminished industrial demands. For instance, Germany’s significant reduction of subsidy rates has lowered down investment returns, and the new subsidy scheme in Italy has postponed to public. In order to strive for survival or increase the competitiveness in this environment of sluggish demands, firms have begun to think about ways to turn the situation around in their favor; which means more active approaches have been taken to engage in corporate investment and mergers and....
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