Solar Panels have become massively oversupplied globally with companies in the boom years of 2010 and 2011 installing record amount of solar equipment. It is estimated that the solar equipment installed globally is around 50 GW compared to the 2011 at around 28 GW. The scale of this massive expansion can be understood by comparing […]
Japan after the Fukushima disaster had set out on a plan to increase the share of renewable energy in the electricity mix which is abysmally low. Japan has very low capacity in wind and solar energy compared to the more environmentally conscious developed countries like Germany. Japan which had led the solar market in the […]
Solar Equipment Companies Saw a massive increase in revenues and profits as Asian companies led by the Chinese built a huge amount of solar cell, wafer and panel capacity. Despite a huge increase in demand in 2011, this capacity glut led to a crash in prices throughout the solar chain resulting in bankruptcies of some […]
Indian Solar Energy has received wide acclaim in national and international media for being a great success. However compared to other countries, the claims seem quite empty. Note India’s total solar power capacity is around 1 GW, in comparison one of the poorest provinces in China – Qinghai installed 1 GW in 2011 alone. Also […]
Chinese Scenario Big Chinese state owned companies are gobbling up financially strained Western solar firms as a massive overcapacity in global solar panel supply (caused by their brethren) drives them to bankruptcy. Note thin film startups like Ascent Solar, Heliovolt have already seen Asian companies taking a controlling equity stake. Now Chinese state owned companies […]