Foxconn invests in solar power in China
Foxconn has announced plans to build a solar power network in China encompassing new factories and plants.
According to a statement released by the Chinese Ministry of Commerce, the Taiwanese electronics manufacturer is investing in one research center, five solar-power components factories, and 20 solar-power generating plants in the southern province of Guangxi.
Foxconn since 2012 has been shifting its focus toward solar power, pouring nearly 100 billion yuan (US$16 million) in other provinces in China, where the government has provided solar manufacturers with heavy subsidies.
In the face of competition, increasing labor cost and pressure from business customers, Foxconn's cellphone subsidiary company had failed to meet market expectation and reported an annual loss of US$316 million in its fiscal 2012. Hence, to some, the moves could be seen as part of a strategic plan.
Despite last week bankruptcy filing of SunTech, China's biggest solar panel manufacturer, the outlook for the domestic market remains encouraging, according to Shen Hongwen, an analyst from CIConsulting company. Foxconn should be able to tap the expanding Chinese market by utilizing its financing power and management expertise, Shen said.
Colorado Bridges Gap between Traditional and New Energy Companies
The Colorado Cleantech Industry Association highlights companies utilizing both traditional and new energy for maximum results
Daetwyler Clean Energy announces the appointment of David Nurse to West Coast Sales Manager
Daetwyler Clean Energy (DCE) announces the appointment of David Nurse to the position of West Coast Sales Manager.
New Reports Project Transition to Hydrogen
Two new government-funded studies project that fuel cell
electric vehicles (FCEVs) will be an integral part of the U.S. effort to reduce greenhouse gas
emissions and petroleum consumption by 80% by 2050. At the same time, automakers are reaffirming their commitment to FCEVs with new partnerships.
Navigant Research Releases New BTM Wind Report: World Market Update 2012
Report Highlights Regional Trends, Production Data, Demand Drivers & Forecast 2013 - 2017
Monarch Power Introduces Lotus Mobile, World's First Mobile Solar ‘Flower Power'
Arizona Governor Janice K. Brewer at March 27th Solar Event at the State Capitol
HyperSolar to Build Renewable Hydrogen Generator for Commercial Use
The company's commercial scale renewable hydrogen generator is expected to cost substantially less than other renewable hydrogen systems that rely on expensive, energy intensive electrolyzers
OneRoof Energy Announces New Solar Design and Sales Management Software
Web-based platform SunOpps and iPad app SunOpps Lite helping dealers to increase efficiencies, accelerate and automate sales process
KACO new energy introduces the blueplanet 50.0, 40.0 and 32.0 TL3 inverters in North America
Each power rating is available with integrated visible, lockable AC and DC disconnection means, nearly 98% CEC efficiency rating, and sealed electronics.
REPORT: CHINA FACES $243BN CLIMATE FINANCE "GAP" PER YEAR BY 2020
Series of reforms being explored as China seeks to expand clean tech investment
Robert Bosch withdraws from photovoltaics business and plans to sell its stake in aleo solar AG
Bosch currently holds a 90.7% stake in aleo solar.
The Rise and Fall of Suntech
How a Trailblazing Solar Company Went from Dominance to Insolvency in Two Years
China's power utilities exposed to water disruption
China's "Big Five" power utilities have hundreds of gigawatts of thermal power plants in water-stressed areas and face retrofit costs of up to $20 billion to improve their resilience, new report finds
KACO new energy starts operations in South Africa and supplies first large-scale projects
South Africa has a heavily increasing energy demand, driven by major economic growth.
Kenyan Ambassador to Deliver Additional Keynote Address at U.S. and International GEA Geothermal Energy Finance Forum
Discussions at the Finance Forum will focus on issues such as geothermal project finance in the United States and abroad, geothermal project risk, and a worldwide geothermal development update.
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