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Author Topic: Chinese Energy Company Takes Advantage of Failing US Solar Firms Back to Topics
mastermariner

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Texas

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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,
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dave27johnson
Champion Author Chicago

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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.
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Ahking
Champion Author Orange County

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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.
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PDQBlues
Champion Author San Diego

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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.
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ifallsguy
Champion Author Arizona

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Message Posted: Jan 11, 2013 11:22:58 AM

The newest business slogan in China:

BUY AMERICA!!
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ErnieK9LO
Champion Author North Dakota

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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.
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mitt4prez
Champion Author Tacoma

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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.
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peakkeller
Champion Author Colorado Springs

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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.
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endymion
Champion Author New York

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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!
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pbalmeo
Champion Author Los Angeles

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Message Posted: Jan 11, 2013 10:33:57 AM

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

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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.
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orphancarguyPE
Champion Author PEI

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Message Posted: Jan 11, 2013 9:17:44 AM

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

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Message Posted: Jan 11, 2013 9:08:27 AM

china doesnt allow unions
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humblepie
Champion Author Toledo

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Message Posted: Jan 11, 2013 8:57:11 AM

shrewd businessmaen
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merlinCO
Champion Author Colorado

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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.
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GingoutMD
Champion Author Maryland

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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.
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Joeski1
Champion Author New Jersey

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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...
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Joeski1
Champion Author New Jersey

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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]
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jeffbone
Champion Author Virginia

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Message Posted: Jan 11, 2013 8:09:11 AM

More greenie economic success...
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badbonita
Champion Author Syracuse

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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.
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Evilmaddog
Champion Author British Columbia

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Message Posted: Jan 11, 2013 8:01:09 AM

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

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Message Posted: Jan 11, 2013 7:28:42 AM

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

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Message Posted: Jan 11, 2013 7:17:11 AM

Like it or not its the standard in a global economy.
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