Not Logged In Log In   Sign Up   Points Leaders
Follow Us    3:07 PM

Message Forum - Read Message

Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Chinese Energy Company Takes Advantage of Failing US Solar Firms Back to Topics
mastermariner

Champion Author
Texas

Posts:12,828
Points:1,118,895
Joined:Jun 2011
Message Posted: Jan 11, 2013 7:13:26 AM

years ago investors were pouring their money into Silicon Valley start-up solar companies that hoped they could revolutionise the young, expensive solar industry.

Unfortunately no one had banked on the dramatic fall in photovoltaic prices, driven by falling prices for raw materials, and Chinese government subsidies which led to a huge overcapacity in the market.

The drop in prices devastated the Silicon Valley companies, and despite developing the new technology known as ‘thin-film solar panels’ they couldn’t compete with cheaper silicon panels. The US government tried to help by imposing large tariffs on all Chinese imported panels, but it was too little too late as most balance sheets had already been crippled and investors had been scared off. Some of the companies, such as Solyndra,
Visit Oil Price for full article
REPLIES (newest first) Post a Reply
Profile Pic
dave27johnson
Champion Author Chicago

Posts:2,529
Points:991,615
Joined:Feb 2012
Message Posted: Jan 12, 2013 8:02:56 AM

Alternate sources of energy can be viable. There's more to China's solar energy boom than subsidies. It has involved smart planning.

From the article:

Hanergy is develop[ing] hydroelectric dams, and Li Hejun, the chairman, has explained that each year it’s dams generate several hundred million dollars of free cash flow, which it has decided to invest in solar energy. Currently Hanergy owns six thin-film solar factories, with three more under construction. It hopes that developing thin-film solar technology will enable it to avoid competition from other solar manufacturers such as Suntech and Yingli.
Profile Pic
Ahking
Champion Author Orange County

Posts:3,618
Points:625,235
Joined:May 2011
Message Posted: Jan 12, 2013 3:11:49 AM

Technology prices generally drops. Therefore, there is urgency to bring products out quickly, or quicker than the competition.
Profile Pic
PDQBlues
Champion Author San Diego

Posts:9,808
Points:2,093,075
Joined:Jan 2009
Message Posted: Jan 11, 2013 2:30:34 PM


The US develops some truly marvelous technology only to fritter it away to countries like China.
Profile Pic
ifallsguy
Champion Author Arizona

Posts:6,309
Points:2,073,540
Joined:Apr 2007
Message Posted: Jan 11, 2013 11:22:58 AM

The newest business slogan in China:

BUY AMERICA!!
Profile Pic
ErnieK9LO
Champion Author North Dakota

Posts:4,981
Points:1,078,095
Joined:Nov 2010
Message Posted: Jan 11, 2013 11:21:33 AM

China is getting into the US. Keep foreign business out of the US.

Minot, ND has some of the highest gas prices in ND. Lets get the prices down.
Profile Pic
mitt4prez
Champion Author Tacoma

Posts:4,502
Points:1,881,665
Joined:Nov 2007
Message Posted: Jan 11, 2013 11:18:37 AM

Note that the flood of early money came in because the dam govt told everyone to get solar, it's GREEEEEEEENNNNNN and here's plenty of tax dough to play with. Our govt is hobbled by Green fanaticism, but the Chinese aren't. Why shouldn't they profit from our follies? Best that we not committ the follies to begin with.
Profile Pic
peakkeller
Champion Author Colorado Springs

Posts:2,464
Points:940,545
Joined:Dec 2009
Message Posted: Jan 11, 2013 11:09:30 AM

The US firms turned into R&D companies, purchased by Chinese factory companies who could build actual product at a fraction of what we could.
Profile Pic
endymion
Champion Author New York

Posts:2,473
Points:506,295
Joined:Nov 2012
Message Posted: Jan 11, 2013 10:56:21 AM

Consolidation in a start up industry - no suprise. But look who paid to develop the patented technology and look who bought it at a fraction of its cost!
Profile Pic
pbalmeo
Champion Author Los Angeles

Posts:1,024
Points:609,165
Joined:Aug 2011
Message Posted: Jan 11, 2013 10:33:57 AM

They saw a niche and they went for it.
Profile Pic
crep1291
Champion Author Ottawa

Posts:3,152
Points:553,360
Joined:Dec 2010
Message Posted: Jan 11, 2013 10:27:54 AM

"Anyone else see the intense irony in all this?"

All I see is the capitalism. It's cruel, but that's the way it is.
Profile Pic
orphancarguyPE
Champion Author PEI

Posts:6,417
Points:1,350,660
Joined:Jan 2011
Message Posted: Jan 11, 2013 9:17:44 AM

Anyone else see the intense irony in all this?
Profile Pic
humblepie
Champion Author Toledo

Posts:58,655
Points:3,021,470
Joined:Mar 2006
Message Posted: Jan 11, 2013 9:08:27 AM

china doesnt allow unions
Profile Pic
humblepie
Champion Author Toledo

Posts:58,655
Points:3,021,470
Joined:Mar 2006
Message Posted: Jan 11, 2013 8:57:11 AM

shrewd businessmaen
Profile Pic
merlinCO
Champion Author Colorado

Posts:4,382
Points:983,035
Joined:Mar 2012
Message Posted: Jan 11, 2013 8:47:19 AM

Why can't our government suppliment homeowners to buy American products.....oh thats right the utility companies are guaranteed to make money and not have to take the energy.
Profile Pic
GingoutMD
Champion Author Maryland

Posts:4,862
Points:1,035,755
Joined:Jan 2010
Message Posted: Jan 11, 2013 8:43:02 AM

No shock that China is taking advantage of the downturn in US solar panel manufacturing. They created the down turn in the first place by dumping cheaper made and subsidized material in the US.
Profile Pic
Joeski1
Champion Author New Jersey

Posts:13,489
Points:2,390,735
Joined:Dec 2004
Message Posted: Jan 11, 2013 8:35:17 AM

PS: Ive cut dirty electric consumption by a 75% offset and dam straight I want to cut it by 100%....

sell that crap nuke, coal , amd methane gas electric production to others...

I will offset it with my panels....

it gives me great pleasure to know that I have cut my electric demand from the corporate energy pushers....

like buying legal cannibus instead of from the drug cartels...
Profile Pic
Joeski1
Champion Author New Jersey

Posts:13,489
Points:2,390,735
Joined:Dec 2004
Message Posted: Jan 11, 2013 8:30:13 AM

I want the power on my roof....

the US has failed to compete....

the china made panels kick ass and are cost effective.....

(and they don't cause pollution through their power generation)

when will the US catch up??

ah..... when will we make Tv's here again?

[Edited by: Joeski1 at 1/11/2013 8:31:26 AM EST]
Profile Pic
jeffbone
Champion Author Virginia

Posts:2,812
Points:737,605
Joined:Mar 2011
Message Posted: Jan 11, 2013 8:09:11 AM

More greenie economic success...
Profile Pic
badbonita
Champion Author Syracuse

Posts:9,000
Points:1,999,675
Joined:Jul 2008
Message Posted: Jan 11, 2013 8:02:52 AM

One thing you have to admit, the Chinese are taking advantage of being the second largest economy in the world. And are working hard at becoming the first.

I always said that the thin-film solar panels would be perfect for the glass covered high rises/skyscrapers to help defray electric costs and to become greener.
Profile Pic
Evilmaddog
Champion Author British Columbia

Posts:6,066
Points:1,603,475
Joined:Aug 2010
Message Posted: Jan 11, 2013 8:01:09 AM

the Chinese are coming...... oops there here
Profile Pic
el_fr
Champion Author Massachusetts

Posts:6,095
Points:1,395,255
Joined:Apr 2011
Message Posted: Jan 11, 2013 7:28:42 AM

Blame the people running these companies first.
Profile Pic
jrs4125
Champion Author Indiana

Posts:4,862
Points:1,224,920
Joined:Sep 2011
Message Posted: Jan 11, 2013 7:17:11 AM

Like it or not its the standard in a global economy.
Post a reply Back to Topics