In response to the US investigation of the supposed dumping by Chinese solar panel manufacturers, China’s Ministry of Commerce announced that it would also start an investigation on US subsidies and policies regarding the renewable energy industry.
The United States Commerce Department said that it would start a probe on whether Chinese companies sell their solar panels in the country at unfair discounts as well as receive government subsidies illegally.
According to Jifan Gao, CEO of Trina Solar, majority of solar equipment manufacturers may disappear in the next couple of years because of the decreasing prices that erode profit margins. This could drive the weaker companies out of the solar industry.
The federal government gave the solar power industry support because the sector promised to provide three things to the United States. These are jobs which the country needed immediately, development of an American solar industry that can compete on the global market in the near future, and reducing pollution in the atmosphere for the long […]
Solar equipment manufacturers based in the United States want the government to impose taxes on more than $1 billion Chinese imports. They joined the clamor from the wind power industry to seek compensation for the unfair state aid given to foreign companies.
Republican Representative Darrell Issa, chairman of House Oversight and Government Reform Committee, said that the government made a bad decision in giving loans to solar panel manufacturers and predicted that the solar panel industry could collapse in the near future.
The solar energy policies of the United States government have been in the spotlight this week when Solyndra announced his bankruptcy. It came two years after it received a $545 million worth of federal loan guarantees.
First Solar Inc. and China Power International New Energy Holding Ltd. announced that they will work on solar energy projects in the United States, China and other markets across the globe. First Solar is one of the leading U.S. solar panel manufacturers.
Solar power is clean, economical and the solution to the long standing problem of environmental pollution. Although the initial cost associated with installation is expensive, the return on investment over time make solar energy the right choice as a main source for electrical power.
ESolar, a Pasadena-based company, lands a deal that will have it provide technology and assistance in putting up several solar farms in China.