Experts: China Solar Giants Likely to Get State Bailouts
China’s $20 billion solar industry is avoiding loan defaults and mergers by taking aid from local governments, preserving jobs at money-losing companies such as LDK Solar Co., the world’s second-biggest maker of solar cells.
LDK agreed last month to sell a 19.9 percent stake to a renewable-energy investor part-owned by the city of Xinyu, home to its headquarters. Suntech Power Holdings Co. (STP), the world’s largest solar-panel maker, got a $32 million loan in September organized partly by Wuxi, the city where it’s based. The aid helps as the companies prepare to report combined 2012 losses of $987 million, analyst forecasts compiled by Bloomberg show.
The moves counter efforts by the central government to engineer mergers that create a handful of larger solar companies, said Jeremy Haft, founder of BChinaB Inc., a New York-based consulting company that specializes in Chinese business practices. The country has previously pushed consolidation to strengthen industries such as steel and coal.
Provincial governments mostly want solar manufacturers “to keep the lights on and not lay people off,” Haft said. “There are a lot of people unemployed” in China and local government officials don’t want to see solar factories close up, he said.
Freescale Introduces New Xtrinsic Sensor for Smart Meter Tamper Protection
Energy-efficient 3-axis accelerometer delivers advanced motion detection accuracy and low noise for smart metering and industrial applications
Green Automotive Company Announces Next Step in Development Program with the Visit to America of CEO and CFO of Liberty Electric Cars
The CEO and CFO of GAC's subsidiary Liberty Electric Cars arrive in the USA to continue the company's growth program
Vivint Solar Ranks as One of Hawaii's Fastest Growing Solar Power Providers
Vivint Solar Ranks No. 2 in the Greatest Number of Photovoltaic (PV) Permits Issued on Oahu
-----Hawaii's Residential Electricity Costs Are the Most Expensive Among All States
Carmanah Awarded $1.1 Million in Contracts Towards Ontario's Renewable Energy Development
Manufacturer Unveils First Publicly Available DC Quick Charger on ChargePoint
Carmanah's expertise in PV engineering guarantees each unique rooftop is met with a critical design strategy to ensure delivery of a safe, practical and optimal solution for energy production.
Fuji Electric Introduces Electric Vehicle Charger at Residence Inn San Juan Capistrano
Manufacturer Unveils First Publicly Available DC Quick Charger on ChargePoint
U.S. Election results encourage North America to continue expansion of its Renewable Energy Portfolio and welcome the Fourth U.S. Solarpraxis PV Power Plants Conference
Revived interests in continued development of large-scale PV plants will bring together industry experts to discuss the most pressing and relevant topics for establishing, maintaining and generating new and existing projects.
MidAmerican Wind Completes Its Acquisition of Two California Wind Projects From Terra-Gen Power
Alta Wind VII and Alta Wind IX projects total approximately 300 megawatts
MAGE SOLAR introduces Emergency PV-Kit with On/Off Grid Capability
3 kW PV-kit with charge controller unit continues to power homes during grid outages; battery-ready solution included
USC Student Teams Awarded $75,000 in Funding
Teams were announced during the Baker Award Luncheon at the 2012 Fuel Cell Seminar & Energy Exposition
Panda Power Funds breaks ground on 758-megawatt Sherman, Texas power plant
Goldman Sachs and Credit Suisse arranged debt financing
----- Plant to come online in late 2014 when ERCOT has projected a need for reserve power
----- One of the nation's first "quick start" plants will help support intermittent renewable generation
----- Will contribute up to $1.7 billion in economic development and create 700-800 construction jobs
----- Bechtel and Siemens turn-key construction consortium to build plant
CLEAN ENERGY JOB ANNOUNCEMENTS SEE SHARP Q3 SLOWDOWN
10,800+ Clean Energy Jobs Announced in Q3 2012, but Political, Regulatory
Uncertainty Takes Toll; Top 10 States in Q3: Calif., NY, Ore. Wash. N.M.,
TX, NC, Minn. Ill. Nev.
GE and Fina Enerji Fuel Wind Energy Growth in Western Turkey
43 GE Wind Turbines to Power Four Projects across the Country-----Support Turkey's Wind Power Targets and Increased Energy Independence-----GE's 1.6-100 and 2.75-100 Wind Turbines Selected
The World Switches on to Solar Power
NEW YORK (GBI Research), 8 November 2012
New Energy Husum 2013 expands its portfolio
New Energy Husum 2013 is staging a special exhibition on ecological building to focus on the subject of passive houses. The Husum exhibition from 21 to 24 March 2013 will for the first time also be providing a platform for biofuel producers, and businesses involved in geothermal energy and hydroelec
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