19 Oct '12, 2pm

China Speeds Up Solar Lifeline

A new Chinese media report shows that after more than a year of talk, Beijing is finally turning its aggressive talk on solar energy into action by more than doubling its approval of new solar power plants this year. The main question now is: Will any of its struggling solar panel makers survive long enough to enjoy the expected boom in business when some of these new plants start to get built. Of course industry watchers will know the answer is probably "yes", as Beijing and local governments get set to hand out generous rescue packages to support these companies through a massive supply glut that has sent prices plunging and left everyone reporting big losses. Let's take a look at the latest news, which comes in a Chinese media report saying the National Development and Reform Commission (NDRC), China's powerful state planner, has approved 60 new solar power projects so ...

Full article: http://www.renewableenergyworld.com/rea/blog/post/2012/10...

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