Archive for the ‘PV’ tag
China-based solar producer Suntech Power announced plans this week to build a manufacturing facility in the United States to serve the growing U.S. market for large-scale utility projects and to take advantage of government incentives. Read the rest of this entry »
Last week’s news of a sizable and unprecedented subsidy for solar installations in China generated noteworthy commotion in the market, as Chinese solar companies’ share price soared as investors’ rush to snatch up solar stocks, followed by confusion over the terms of the subsidies, disenchantment at the likelihood of eligibility restrictions, and finally malaise as analysts concluded, having clarified the arcane wording of the measure and considered the time lag likely involved, that it was not the golden ticket for which they had hoped.
Does the Obama administration have the will to face the prospect that a low cost approach might be inimical to a low carbon strategy, and ensure careful planning and responsible oversight? Or will US officials, keen on building a strong bilateral partnership, overlook the consequences of a business-as-usual scenario in China, permitting environmental degradation as the means to ambitious political ends?
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