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.
Solar power is looking to be the smart choice when it comes to electric power sources. The cost of solar power is decreasing while every other energy resources are increasing.
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.
Arizona-based First Solar announced that the company had flat first-quarter sales and decreased earnings. This is due to cuts in government subsidies in various European countries, which increased solar panel prices.
ESolar, a Pasadena-based company, lands a deal that will have it provide technology and assistance in putting up several solar farms in China.
Great things are happening in Inner Mongolia when it comes to solar power. This Mongol autonomous region located in northern China is becoming a powerful player in the alternative energy sector, and as such China wants to use the region to house various solar farms.
Solar Impulse was unveiled recently in Switzerland and is said to be the world’s first operational solar powered plane. It has the wingspan of Boeing 747 and yet it weighs less than a compact car.