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U.S. and European solar energy companies have been downsizing for a while, but NYT reports...
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Friday, October 5, 2012, 8:15 AM ETU.S. and European solar energy companies have been downsizing for a while, but NYT reports China's solar firms are hurting too because the Chinese market is saturated by panels that can’t be exported. The government could subsidize more solar installations at home, but the cost of solar remains heavily discounted to coal-fired electricity, which means any subsidy would balloon enormously.
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China solar panel makers are still profitable despite new US tariffs.
Also they have been 'forced' into new markets - JKS in Kenya for example.
Chinese makers still see continued lowered costs through mechanization efforts now that capacity expansions have essentially ended.
The next boom is just starting and we will soon see all capacity being utilized. But that time, they may have learned their lesson and just reap profits and continue upgrades as opposed to adding capacity. Humans being what they are - they will still probably expand.
JKS was once the flagship of gross margins and profitability and has weathered the downturn and soon to be back to it opportunistic ways.