Chinese solar industry faces weak sales, price war

 

At least 300 smaller manufacturers have suspended production, and others are producing at below 50 percent of their capacity

By Joe Mc Donald

BEIJING (AP) — Chinese solar panel makers that grew fast over the past decade are suffering big losses due to slumping global sales and a price war that threaten an industry seen by communist leaders as a role model for hopes to transform China into a technology leader.

Another looming challenge: Moves by the United States and Europe toward imposing possible anti-dumping tariffs on Chinese-made solar panels that might further depress sales.

Financial problems are likely to force painful changes in the Chinese industry including possible mergers, bankruptcies, factory closures or layoffs, industry analysts say.

“The next 1½ years will be very challenging,” said Frank Haugwitz, a renewable energy consultant in Beijing.

Continued: 

Also:

First Solar, other solar stocks get bump after Trina power plant announcement/Phoenix Business Journal

Share this!

Additional Articles

News Categories

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

PRTA suspends operations

(Disclosure: Rose Law Group represents a coalition of property and business owners throughout Pinal County who have worked to bring new transportation infrastructure to the

Read More »
August 2012
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031