Another Green Fail: Chinese Solar Industry Goes Belly Up

Russ Steele

One of the big arguments proponents of ‘green jobs.’ often recited during the Prop 23 debates by our local left, was that China will own the future while the United States is left behind if we did not provide subsides to the VCs  ‘green jobs’ initiatives.  Really, they  were that naive?  Read on, my emphasis added?

According to a report on Bloomberg, the Chinese solar power industry is on the ropes; massive over investment has run up against flat demand.  Margins have turned negative at some companies where solar panels can only be sold below cost.

“Demand has not lived up to expectations and pricing has collapsed over the last three quarters,” Aaron Chew, an analyst at Maxim Group LLC in New York, said today in an interview. “Most of the major cell, wafer and module manufacturers are poised to report four quarters in a row of losses and this is just the first one.”

The alternative energy market is still an artificial market; except for a handful of novelty customers rich enough to afford inefficient green tech, firms and households only choose green tech when subsidies bring the price within range or regulations force people to choose expensive green products.

Read the rest of the article HERE.

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About Russ Steele
Freelance writer and climate change blogger. Russ spent twenty years in the Air Force as a navigator specializing in electronics warfare and digital systems. After his service he was employed for sixteen years as concept developer for TRW, an aerospace and automotive company, and then was CEO of a non-profit Internet provider for 18 months. Russ's articles have appeared in Comstock's Business, Capitol Journal, Trailer Life, Monitoring Times, and Idaho Magazine.

2 Responses to Another Green Fail: Chinese Solar Industry Goes Belly Up

  1. gjrebane says:

    Can everyone hear the ‘green silence’ that responds to these reports of a fraud perpetrated on a global scale?

  2. Was our lefty poster there too attend a funeral?

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