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 [...]
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 [...]
USA is the biggest electricity market in the world with more than 1000 GW of capacity and accounts for almost 20% of the world’s electricity capacity. The country still depends a lot on polluting thermal power plants to power its industries and homes. So it represents a huge market for solar energy which can capture [...]
It is now time for West Bengal to get “Solarized” As per the new order by Calcutta High Court, all civic bodies in West Bengal need to ensure that all high rises install solar panels on their roofs within the next four months. The power utilities in the state are also required to generate or purchase [...]
Chinese put pressure on Europe The European Chinese solar trade saga took an important turn when the EU imposed a 11% duty on imports of Chinese made solar panels in Europe. Though the duty is small, it is quite broad as it will impose duties on any Chinese made solar products into Europe. The Chinese [...]
Following my morning story of 11.8% anti dumping duty imposition on China by the EU, it is feared that there will be massive job losses in both the China and Europe. About 400,000 jobs in China and 250,000 in the European Union are at stake. The duties can increase to somewhere between 37%-70%, if EU is [...]