20 May '12, 3am

#Solar Is China Solar Slumping? - Is China Solar Slumping? Solar energy may be the answer to our power problems but

#Solar Is China Solar Slumping? - Is China Solar Slumping? Solar energy may be the answer to our power problems but

Solar energy may be the answer to our power problems but companies engaged in the manufacture of PVs are experiencing gloomy days. Several years ago, solar cells were too expensive to be purchased by the ordinary masses. As such, they were bought by research centers and large corporations which could afford to pay big bucks. Now, however, the cost of panels has dropped drastically and while that bodes well for ordinary consumers, it has affected manufacturers big time. Recently, the Innovation Summit held in China saw the gathering of government officials, industry experts and PV execs from Chinese and foreign companies. While the consensus was that solar energy will soon meet at least one-third of the world’s power requirements, unless PV manufacturers develop more efficient and innovative equipment, the Chinese solar industry could witness a downward spiral.

Full article: http://www.solarfeeds.com/is-china-solar-slumping/

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