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Good News and Bad News With the World Glut in Solar Panels

by LiveModern Webmaster last modified Oct 12, 2012 01:01 AM
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by Alex Wilson last modified Oct 10, 2012

Author name:  Alex Wilson Blog Category:  Energy Solutions How China is affecting the world’s photovoltaic industry. Workers at a Suntech factory in China. Due to the glut in PV, Suntech has closed a quarter of it's manufacturing capacity. Photo Credit: Peter Parks, Getty Images for the New York Times When China dives into a technology, it does so in a big way. Nowhere is this more the case than in photovoltaic (PV) panel manufacturing, where dramatic growth has not only taken a toll on other manufacturers around the world, but also now threatens its own PV industry through rampant oversupply. This has significant implications for us here in the U.S.—both good and bad. What happened? China learned how to manufacture PV modules from leading-edge manufacturers in the U.S., Germany, and elsewhere, then figured out how to do it better and much cheaper than anyone else. In just a few years China came to dominate world PV manufacturing, leaving a trail of bankrupt Western manufacturers in its wake. read more






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