China’s solar power 35 gigawatts by 2015

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China, the world’s biggest maker of solar panels, plans to increase fivefold its installed solar capacity to more than 35 gigawatts by 2015 to support an industry faced with declining profits, slowing exports and a supply glut. The nation will add 10 gigawatts of solar-power capacity annually over the next three years, according to a statement from […]

Renewable Energy to Beat Gas in Power Mix by 2016

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 Renewable energy may supply more electricity than nuclear reactors or natural gas by 2016, spurred by declining costs and growing demand in emerging markets, the International Energy Agency said. Wind, solar, bioenergy and geothermal use may grow 40 percent in the next five years, double the 20 percent pace in 2011, the Paris-based organization said […]

PV module costs to fall to 36c per watt by 2017

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China’s tier I crystalline-silicon PV module manufacturers are on course to cut production costs to 36c per watt by the end of 2017, a reduction of 14c from costs at the end of 2012, according to a report from GTM Research published. The global PV industry’s recent past has seen wafer, cell, and module suppliers […]

Suntech got Bankrupt, are Chinese manufacturers really in crisis?

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Last month, one of the largest Chinese module manufacturer, Suntech filed bankruptcy which shows that now Chinese manufacturers are also facing the heat. On one side there is anti-dumping duty enforced by various countries at the same time the over inventory of these modules have forced these manufacturers. Suntech could not pay the bondholders and […]