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Old 09-21-2011, 06:21 PM   #1
Sonny
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Default China Dominates Solar power w/ 70% of Global Supply

China dominates the solar power industry.

Chinese firms now have 70% of the growing global market in solar panels,
thanks in part to cheap labor and aggressive pricing.

The collapse of three US competitors in the last two months seems to show it's only a matter of time till all your green jobs will belong to China.

Chinese solar companies are almost solely focused on exports, with as much as 95% of production of solar panels sold overseas according to some estimates, and they have responded to falling prices for solar panels by ramping up shipments.

As much as 90% of China's energy comes from cheap coal, another factor that greatly helps keep their manufacturing costs lower.

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http://www.news24.com/SciTech/News/C...power-20110920
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Old 09-24-2011, 12:21 PM   #2
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Quote:
Originally Posted by Sonny
thanks in part to cheap labor and aggressive pricing [and] cheap coal, another factor that greatly helps keep their manufacturing costs lower
And government subsidies. Governments always back losers.

Let them waste their money on useless tech. Wonder how much of their foreign exchange reserves it will take to make the sun shine at night?
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Old 09-24-2011, 12:51 PM   #3
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Hmmm. Maybe there is a good reason why the Chinese are exporting 90% of their solar panels while buying all oil and gas rights they can get. The panels are for suckers and the oil is still the best energy value. If the panels were the best way to gain energy, wouldn't the Chinese would be putting them to use?
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Old 09-24-2011, 01:39 PM   #4
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A Turkish firm designing and installing solar panels is our client, recently they have announced that they will be building a "solar panel parts" factory in Turkey, immediately their exporter Chinese firm offered a huge capital for 30% stake in the factory.
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