Louisiana Light • 2 days | 83.64 | +1.36 | +1.65% | |||
Bonny Light • 1 day | 86.67 | -1.02 | -1.16% | |||
Opec Basket • 2 days | 84.47 | -0.33 | -0.39% | |||
Mars US • 19 hours | 77.08 | -1.08 | -1.38% | |||
Gasoline • 20 hours | 2.589 | -0.024 | -0.90% |
Bonny Light • 1 day | 86.67 | -1.02 | -1.16% | |||
Girassol • 1 day | 86.10 | -0.85 | -0.98% | |||
Opec Basket • 2 days | 84.47 | -0.33 | -0.39% |
Peace Sour • 1 day | 75.26 | +0.86 | +1.16% | |||
Light Sour Blend • 1 day | 76.56 | +0.86 | +1.14% | |||
Syncrude Sweet Premium • 1 day | 85.51 | +0.86 | +1.02% | |||
Central Alberta • 1 day | 74.86 | +0.86 | +1.16% |
Eagle Ford • 9 days | 76.81 | +0.85 | +1.12% | |||
Oklahoma Sweet • 2 days | 77.50 | +1.00 | +1.31% | |||
Kansas Common • 2 days | 71.25 | +0.75 | +1.06% | |||
Buena Vista • 2 days | 84.42 | +0.36 | +0.43% |
Statistics show Georgia’s South Caucasus…
Georgia is looking to restart…
A few years ago investors were pouring their money into Silicon Valley start-up solar companies that hoped they could revolutionise the young, expensive solar industry.
Unfortunately no one had banked on the dramatic fall in photovoltaic prices, driven by falling prices for raw materials, and Chinese government subsidies which led to a huge overcapacity in the market.
ADVERTISEMENT
The drop in prices devastated the Silicon Valley companies, and despite developing the new technology known as ‘thin-film solar panels’ they couldn’t compete with cheaper silicon panels. The US government tried to help by imposing large tariffs on all Chinese imported panels, but it was too little too late as most balance sheets had already been crippled and investors had been scared off. Some of the companies, such as Solyndra, went bankrupt.
ADVERTISEMENT
Related Article: Solar and Big Oil Join Forces in Middle East
The CEO of Miasole, one of the most promising of the Silicon Valley solar start-ups, has just announced that the Chinese energy company Hanergy Holding Group has finalised the purchase of the company and for a fraction of the cost that has been invested into it.
Hanergy’s acquisition follows the recent purchase of another thin-film solar company which was part of Q.Cells, a bankrupt German solar company. The two deals mean that Hanergy has acquired an array of valuable patents that were developed for hundreds of millions of dollars, for an incredibly low cost.
Hanergy is develops hydroelectric dams, and Li Hejun, the chairman, has explained that each year it’s dams generate several hundred million dollars of free cash flow, which it has decided to invest in solar energy. Currently Hanergy owns six thin-film solar factories, with three more under construction. It hopes that developing thin-film solar technology will enable it to avoid competition from other solar manufacturers such as Suntech and Yingli.
By. Charles Kennedy of Oilprice.com
ADVERTISEMENT
ADVERTISEMENT
Colonial Shuts Key Fuel Pipeline To The U.S. Northeast
Venezuela Suspends Oil Exports
Saudi’s Won’t Let Oil Stay At $75: Pioneer CEO
Oil Drops On Huge Unexpected Crude Inventory Build
OPEC’s Second-Largest Oil Producer Issues Arrest Warrant For Donald Trump
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
The materials provided on this Web site are for informational and educational purposes only and are not intended to provide tax, legal, or investment advice.
Nothing contained on the Web site shall be considered a recommendation, solicitation, or offer to buy or sell a security to any person in any jurisdiction.
Trading and investing carries a high risk of losing money rapidly due to leverage. Individuals should consider whether they can afford the risks associated to trading.
74-89% of retail investor accounts lose money. Any trading and execution of orders mentioned on this website is carried out by and through OPCMarkets.
Merchant of Record: A Media Solutions trading as Oilprice.com
And it is even more so from the competition point of view. How is it expected to have the prices kept low if all the production will come from one source, and in one country.?
I hope there are still others in the West producing thin-film panels, or come up with an alternative that negates the Chinese advantage.