China and US Tensions increasing on Currency Valuation The US Senate and President Obama have been increasing pressure on the Chinese Government to revalue the yuan and let it move towards a market determined rate.China’s yuan peg to the dollar has been one of the main factors around which the debate of global imbalances has […]
Background on Spanish Government’s proposal to cut Solar Subsidy on Existing Plants The Spanish government has been actively discussing with industry groups on how to reduce its Green Energy subsidies as the country faces a critical budgeting and funding problem.The impact of an “industry killing” 30% cut to existing solar plants would be quite devastating […]
Taiwan Companies Ramping up their Solar Plans Taiwan based semiconductor company TSMC ( Taiwan Semiconductor Manufacturing Corporation) is getting serious about investing in Solar Energy.Other Taiwanese Heavyweights like AUO,CMO and UMC are also in the process of ramping up their solar production plans.The European Crisis and the fall in Euro has led to a dramatic […]
Toshiba aims to Double Nuclear Exports in next 5 years Toshiba the No.2 players in the Nuclear Equipment markets is planning a major investment to double its sales of nuclear reactors to overseas markets.Areva,Toshiba-Westinghouse and GE-Hitachi are the Three Major Companies in the Global Nuclear Energy Equipment Market.GE-Hitachi is trailing in marketshare due to a […]
Labor shortage and improved opportunities for workers driving up wages China’s massive manufacturing base near the Eastern coast has been driven by cheap migrant labor from the western part of China.Most of the world’s major MNCs have set up manufacturing plants s in China taking advantage of the low labor costs and government support as […]
According to the Spanish Solar Power Lobby ASIF,the Spanish government (under Pressure with Spanish Banks facing Funding Problems and Spanish Bond Yields Rising) is proposing a cut of 30% in “guaranteed subsidies” to existing solar plants . Under the Feed in Tariff (FIT) scheme implemented by countries to promote renewable energy,power producers are guaranteed a […]