THE German green power revolution is facing hard times because of government cutbacks and stiff competition from Asia.
In addition, the decision to abandon nuclear power in the wake of the Fukushima disaster in Japan is not having the positive spin-off that German solar companies may have expected.
Some of Germany’s biggest and best-known industrial companies are questioning whether they can afford to continue to do business there. A string of recent profit slumps by German solar-cell companies underscores the depth of the crisis for solar business. (The Australian)
German Solar Module Companies Taking a Bath In Red Ink – Production To Move To Asia
By P Gosselin on 17. August 2011
That means start kissing German green jobs good bye. Yet another Soviet-style propped up industry begins to bite the dust. (No Tricks Zone)
US Renewables Need A Fallback Plan
By Geoffrey Styles
When I described some of the energy implications of the debt limit crisis last month, the most serious ones were associated with a default by the US government in the event the debt ceiling wasn’t extended. That risk has been resolved, for now. But that doesn’t mean that everything looks rosy, especially for renewables. Renewable energy technologies and projects are far more dependent on government assistance and policies than conventional energy. The fate of a wide range of federal energy incentives looks highly uncertain, and the impact of that uncertainty is matched by doubts about the health of the US economy and its growth prospects. With the pace of growth already slowing in some renewable energy sectors, any manufacturers or project developers that aren’t thinking seriously about how they would manage without federal incentives could be setting themselves up to become roadkill. (Energy Tribune)
THE country’s largest home-solar market has been in freefall since the NSW government announced plans to axe its solar bonus scheme in April.
The decision has triggered widespread job losses and business closures, an industry survey has found. (The Australian)
Read here. Solon Solar is closing their Arizona plant. Green jobs lost will be 65. The company will move manufacturing to existing overseas plants.
“”The Solon product we manufacture here in Tucson may have a better fit and finish than some others, but the market doesn’t really value that,” he said. “The market values a low price. We are going to stop beating our heads against the wall and say, ‘How can we be smart strategically?’ “
Just more evidence that the continuing hefty subsidies of “green jobs” by the Obama administration is a complete waste of tax payer monies. (C3 Headlines)
Solar Energy: Tough Love in the EU
by Gary Hunt
Across the European Union, solar energy is facing tough love conditions as its feed-in-tariffs (FiT) face déjà vu in another round of reduction. (MasterResource)