I recently wrote about the rising solar panel defects noticed in the solar industry. There have been recent incidents that talk about the faulty solar modules and their installation. It will not be incorrect to say that there has been a quality crisis in the $77 billion solar industry. Now Solarworld has urged the solar industry […]
India has awarded 500 MW of solar thermal plants during JNNSM Phase 1, as it gave both solar PV and solar thermal technology an equal boost. However solar thermal technology is losing out to solar PV even during 2011; and we had pointed it out that giving solar thermal technology too much money did not […]
Tamil Nadu has been at the forefront of green energy generation in India, with almost half of the country’s wind energy capacity. The state has also taken a lead in solar energy generation, by planning for 1 GW of solar capacity to be built during each of the next 3 years. The state’s transmission network […]
LDK faces working capital crisis LDK Solar (LDK) which used to be the world’s biggest supplier of solar wafers and was building the biggest polysilicon plant is now contracting rapidly. The company which has more than $3 billion in debt saw its revenues contract by 50%, when other solar peers expanded their shipments and revenues. The company managed to ship […]
The Swiss company ABB has gone on a buying spree in the last few years acquiring companies in its core business of motors, electrical transmission, energy efficiency etc. The company made billions of dollars in acquisitions which has kept the company’s growth much higher than peers like Siemens and General Electric. The company’s stock price […]
Germany meets 60% of its electricity demand from solar Germany has been the real reason that the solar industry has come so far so fast. The huge subsidies given the German government has allowed the solar industry to expand from 5 GW in 2008 to more than 30 GW in 2012. The yearly fall in […]