09 Apr '12, 9am

Solar Industry Suffers Tough Week With Two Major Bankruptcies

That list is now dominated by Chinese and Taiwanese companies who have the advantages of lower manufacturing costs and scale. Despite the solar industry’s struggles, Chinese companies like Suntech Power Holdings are still bullish about their prospects. And so catcalls of solar’s early demise are still too early to shout. Rising fossil fuel costs will still push innovation in the private sector and governments to sort out how they can score increasing energy independence. What is ironic, however, is that advocates for solar energy had touted its benefits by pointing out the possibility of green manufacturing jobs locally. That is wishful thinking now, however; solar is not that different from other industries which now rely on cheaper and more cost-effective products from abroad so they can compete at home. Meanwhile, view the Blythe Solar Power Project as that foreclosed h...

Full article: http://www.triplepundit.com/2012/04/solar-industry-bankru...

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