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.
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.
Suntech Power has signed a deal with the Canadian solar installer Pure Energies to supply 17 megawatts worth of photovoltaic panels in 2010.
The future looks bright for solar panel manufacturers with next week’s 15th United Nations Climate Change Conference in Copenhagen to look for climate change solutions.
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.
Chinese-owned solar panel giant Suntech has announced plans to erect its U.S. headquarters in a 100,000 square feet location in Phoenix, Arizona. The building of the site, which will also house a manufacturing plant, was announced last Monday by Arizona Governor Jan Brewer. The Suntech Power facility is expected to be fully operational by the […]
Investors bet on solar stocks last Wednesday. In a sense, the solar power industry should thank the renewed Chinese interest in solar power and the increasing oil prices. These factors help encourage the demand for clean and sustainable energy sources.