German Solar Industry did not benefit from EU’s anti-dumping imposition The German solar panel manufacturing industry is on its deathbed and nothing will revive it. The ~12% anti dumping duty imposed by EU on Chinese solar module imports will not help the industry. One of Germany’s biggest solar system integrators/installers SAG Solarstrom has said that […]
Siemens to close its last solar shop – Solel Energy Siemens is now getting out of the solar business, with its decision to shut down Solel Energy. Siemens was in the look out for a buyer for Solel Energy, since the last six-seven months. But due to non-availability of a purchaser, it decided to close […]
The Dying Solar Industry The massive losses seen by the Solar industry has been an ongoing feature for the last couple of years and given that local governments continue to support bankrupt Chinese solar players (Suntech, LDK) even the future looks dim. There have been literally hundreds of solar bankruptcies as a boom in the […]
The world’s largest green company Siemens is taking drastic measures to cut costs at its Renewable Energy unit which saw orders fall below 40%. Note the cleantech industry is facing massive competitive pressure which has already seen some of the biggest green companies like Q-Cells go bankrupt and others like Vestas searching for buyers. The […]
Smart Grid Companies A smart grid is an electrical grid, that is digitally enabled to procure & distribute information in order to improve the efficiency, reliability and sustainability of electrical devices. It involves the application of digital processing and communications to the power grid. A smart grid replaces analog mechanical meters with digital meters that record […]
Philips and Siemens ,2 of the largest European conglomerates with big Green divisions as well have warned of Dire Macroeconomic problems in Europe.While the stock markets continue to go higher, both companies have cut/ warned profit forecasts on European economic headwinds. Siemens is the largest green company in the world while Philips is one of the biggest Lighting Companies .