Wednesday, March 20, 2013

China's Suntech in Bankruptcy Proceedings

China's Suntech in Bankruptcy Proceedings - IEEE Spectrum:
...the Suntech collapse appears to be a case of a technology revolution devouring its own children. According to Keith Bradsher of The New York Times, who made his reputation as a technology and business correspondent covering the troubled U.S. auto industry, "China’s approach to renewable energy has proved ruinous, financially and in terms of trade relations with the United States and the European Union. State-owned banks have provided $18 billion in loans on easy terms to Chinese solar panel manufacturers, financing an increase of more than tenfold in production capacity from 2008 to 2012. This set off a 75 percent drop in panel prices during that period, which resulted in losses to Chinese companies of as much as $1 for every $3 in sales last year."
...The whole global PV industry has been radically disrupted by the cut-throat tactics of the Chinese manufacturers and their political sponsors. Until the brutal shake-out in manufacturing is complete and the world market has stabilized, we will have no way of knowing the real price of a solar cell.
Read the entire article at IEEE Spectrum:

1 comment:

  1. Here's how to cut your electric bill up to 75%:

    Want to know how to easily produce all of the green energy you could ever want right at home?

    And you will be able to make your home completely immune from power outages, blackouts, and energy grid outages
    so even if everyone else in your area (or even the whole country) loses power…you won’t.

    READ THIS: DIY HOME ENERGY

    ReplyDelete