Dow Chemicals buy Nuvosun Materials giant Dow Chemicals has bought the entire equity stake in CIGs solar startup Nuvosun to bolster its solar shingles line up. Note Dow has made huge plans for its solar shingles product line, though the company has not managed to actualize those plans till date. The company has only now […]
First Solar stock has been on a roll in recent times and has doubled in a short span from its all time lows. This is in sharp contrast to other solar energy stocks especially the big Chinese ones which continue to make new all times lows. Many of the them like JA Solar, LDK, Suntech […]
Japanese Solar Panel companies Sharp, Kyocera, Panasonic-Sanyo, Mitsubishi are the top solar panel producers in the world. Solar Energy in Japan has a long future dating back to 1994 when the government introduced capital subsidies to boost solar energy installations on rooftops. Till 2004, Japan was the largest solar market in the world after which […]
While US Solar Installers are making Hay while the Chinese Solar Panel Companies flood the world with super cheap solar modules,Western solar manufacturers are being killed at an astounding rate.The second biggest thin film solar panel company in the US United Solar Ovonic has gone belly up.The company was fighting a losing batter as the more efficient crystalline solar panel prices went below its production cost.The company had tried to fight in a the niche of BIPV solar panel market but could not survice. After First Solar,Energy Conversion Devices seemed the mostly likely viable company in Thin Film Technology.After a few quarters of profits in 2008,the company went into the red as its flexible a-Si modules failed to cut costs as fast as others.It has been shutting factories in the US and shifting to low cost locations.
However it has now thankfully put its plan on hold of spending another 520 million euros on solar energy. The company has already wrote down $1 billion in solar after the valuations of Ersol and Aleo have crashed from the time it bought it. Note most Western solar companies are going bankrupt as they can’t compete with the 80c/watt solar panel prices. Stalwarts Q-Cells are defaulting on the debt payments while according to Total CEO, Sunpower would have been bankrupt if they had not bought it. Even the biggest US Solar Panel Company First Solar has been ravaged by the price war. Bosch has bravely said that it would continue to remain in the solar panel market while it makes more sense for them now to make an exit and concentrate on their core competencies. It can realistically never hope to get into the top 20 solar panel suppliers and stop spending good money after the bad.