Desertec Project to close down I have always been a big critic of the Desertec project which envisaged building huge solar thermal plants in North Africa and transporting that power to Europe. The main reason for my negativity was the massive advancements that solar PV technology has made in comparison to the solar thermal technology […]
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 […]
Europe’s biggest solar project Desterec looks doomed with one of its founding member companies Siemens abandoning solar energy for good. Siemens facing lower margins and revenues had strategically decided to retreat from solar energy. Note Siemens was strong in solar thermal energy technology after it bought Solel Energy. However the company was not getting any […]
Hitachi Entering Nuclear Power The massive global backlash against nuclear energy has seen a number of top nuclear equipment manufactures like GE, Siemens, Toshiba pulling back. While Siemens and Toshiba have already announced plans to retrench from nuclear energy, GE has also voiced concerns about nuclear power being unviable compared to natural gas and renewable […]
I had profiled Brightsource energy as one of the their best solar startups in USA earlier, however things have changed dramatically in the interim with solar panel prices crashing to absurdly low levels. This has put question marks on the survival of each of these three with two of them eSolar and Brightsource being solar […]
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 […]