21 Sep '11, 3pm

It’s not just the U.S.—China is also eating Germany’s solar lunch

It’s not just the U.S.—China is also eating Germany’s solar lunch

Germany has more installed solar capacity than any other country on the planet, despite having a population of only 80 million people. You'd think that would be enough to drive a market for domestic solar production, but only if you lived under a globalization-proof rock and ate steaming bowls of naivete for breakfast. Der Spiegel sums it up: Green energy used to be Germany's great hope for its economic future. But now the German solar industry is in trouble amid huge losses, job cuts and the threat of bankruptcies. Chinese firms are gaining an ever greater share of the German market -- and are benefiting from German subsidies for renewable energy. Gee, it’s like we've heard this tune before .

Full article: http://www.grist.org/list/2011-09-21-its-not-just-the-u.s...

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