Solar PV & Renewable Energy prices


Archive for the ‘solar manufacturers’ tag

Why US Solar Manufacturers are Going out of Business: Part 1

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What will be the Future of the Solar Industry in US?

In the US, solar energy has been one of the fastest growing sectors of green renewable energy, backed both by government support and funding as well as a growing interest and buy-in from the general public. Over the last five years, many solar companies have experienced incredible growth, doubling and even tripling their profits every year. This unprecedented growth has been accompanied by the downfall of a number of prominent domestic solar manufacturers, who have been filing for Chapter 11 bankruptcy one after another over the course of 2011 and 2012. The primary reason for these massive failures has been the inability of American solar manufacturers to compete with their Chinese counterparts who have flooded the US market with under-priced solar panels and essentially made it impossible for many US manufacturers to stay afloat. The current situation raises many questions and concerns about the future of the domestic solar industry.

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Levchik (Leo) is a renewable energy activist from Boston, MA, and has been involved with alternative energy and green construction since 2004.

In 2009, Leo and his green roofing company (CoolFlatRoof.com) sponsored Boston’s Solar Decathlon Team, providing materials and installation labor to install a cool white roof on the top of Curio home (Joint effort by Tufts University and Boston Architecture College) – more info about the project here.

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Written by Levchik B

August 13th, 2012 at 11:53 pm

Global Solar Power Trends – Asia (part 2)

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Over the last decade, Asia has been steadily claiming a central place in the field of renewable energy, and today many countries such as Japan, India and China have become major players that are actively pursuing the development and proliferation of renewable energy sources such as solar power. The rapidly developing economies of China and India coupled with populations in the billions, many of whom survive without such basic things as electricity, have become fertile ground for the solar industry, becoming both prime consumers and supplies of solar technologies. The active financial and policy commitments that many Asian governments have made to solar power will have a long lasting effect on the industry as a whole. Last year, we have already begun to see these affects in Europe and USA with Chinese manufacturers flooding the global markets with cheap solar panels, causing the prices to drop, making solar more affordable for average consumers and leaving many European and US manufacturers unable to compete and bankrupt. Asia’s role in the future of solar cannot be underestimated and the future of the industry will in great part depend on its development in Asia’s growing economies.

Japan

Image of Floating solar PV farm in Japan

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Levchik (Leo) is a renewable energy activist from Boston, MA, and has been involved with alternative energy and green construction since 2004.

In 2009, Leo and his green roofing company (CoolFlatRoof.com) sponsored Boston’s Solar Decathlon Team, providing materials and installation labor to install a cool white roof on the top of Curio home (Joint effort by Tufts University and Boston Architecture College) – more info about the project here.

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Written by Levchik B

June 27th, 2012 at 4:30 pm

Top 3 Game Changing Innovations in Solar Technology: 2012 Edition

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While currently the US solar industry may be experiencing some tumultuous times as a result of decreasing government support, lowered demand, and intense competition from Asian solar manufacturers, one thing is clear – the industry still has a shot at surviving and flourishing because solar technological innovations keep rolling in. According to Lux Research, new solar technologies that are being developed today will replace what is currently in use within 3-6 years. Innovations in materials and cell design will provide more efficient and less expensive alternative to the solar panels sold on the market today. Not only will these innovations be beneficial to consumers by bringing costs down to less than a $ 1 per watt, they will enable solar companies and manufacturers to improve their profit margins, which is the key to staying in business and growing. Ultimately, for the industry to mature, it needs to reduce their capital and materials costs and increase profits, and there are a number of innovations that have the market potential to make this shift happen.

These inventions are highly likely to propel the industry forward because they offer efficiency improvements and cost reductions of already existing systems and do not require major shifts in infrastructure that is currently in place. Check out our list of top 5 technological innovations that will be game changers for the solar industry.

1. Direct Solidification

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Levchik (Leo) is a renewable energy activist from Boston, MA, and has been involved with alternative energy and green construction since 2004.

In 2009, Leo and his green roofing company (CoolFlatRoof.com) sponsored Boston’s Solar Decathlon Team, providing materials and installation labor to install a cool white roof on the top of Curio home (Joint effort by Tufts University and Boston Architecture College) – more info about the project here.

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Written by Levchik B

June 11th, 2012 at 8:07 pm

Current Trends in Government and Private Investor Funding for the US Solar Industry

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Over the last couple of years there have been clear signs that the solar industry is heading toward a tough period in its development because of a steady decline in both government and private funding for large scale solar projects and companies. This trend was first evident in Europe, where countries struggling to deal with the financial crisis, started scaling down on investments into alternative sources of clean energy such as solar power. While the Obama administration was an avid supporter of the budding domestic solar industry during the president’s first term, tough economic times have also lead the government to cut back on its funding. Private venture capital firms in the US are in a similar position, many have chosen to withdraw their initial support and funding and pursue safer investment opportunities. As the solar industry in the US struggles to get back on its feet, facing stiff competition from heavily subsidized Chinese solar panels, it remains to be seen whether the tides will turn once again and the industry will get both public and private assistance that it currently seeks to survive.

Downturn in private investment: Uni-Solar’s bankruptcy auction canceled

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Levchik (Leo) is a renewable energy activist from Boston, MA, and has been involved with alternative energy and green construction since 2004.

In 2009, Leo and his green roofing company (CoolFlatRoof.com) sponsored Boston’s Solar Decathlon Team, providing materials and installation labor to install a cool white roof on the top of Curio home (Joint effort by Tufts University and Boston Architecture College) – more info about the project here.

Follow Levchik B:

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Written by Levchik B

June 4th, 2012 at 7:22 pm