subsidy
July 6, 2011
Solar Thin Film Technology has been growing rapidly despite falling costs of the mainstream Photovoltaic Crystalline Silicon Technology.While the current solar supply glut has resulted in some of the thin film solar film companies going out of business,big thin film suppliers continue with their growth plan.Solar Thin Film Technology is supposed to be the 2nd Generation successor to the mainstream Crystalline Silicon (c-Si) Technology which accounts for around 85% of world production.While a number of Weaker Hands in Thin Film have downed shutters,Thin Film Producers continue to grow and expand.The massive growth potential of Solar Energy makes it possible for both of these PV technologies to flourish.Thin Film Technology unlike c-Si has a number of variants.Amorphous Silicon (a-Si),Copper Indium Gallium Sulphide (CIGs) and Cadmium Tellurium (Cd-Te) are the 3 main types of Thin Film Technology.There are a number of manufacturers of all of these 3 types of Technology.CIGs Technology is said to have the most potential in improving efficiency and competing with c-Si,however Cd-Te is currently the top dog as the world’s biggest solar producer First Solar currently uses this technology.a-Si Technology is not that hot with low efficiencies however Oerlikon and Sharp are pushing ahead with developing this technology.
July 6, 2011
Kaneka is a Japanese company which is present in a number of product categories like chemicals,functional and expandable plastic products, foodstuffs, life science products and synthetic fibers.However the main focus of the company is in Thin Film Solar Panels.Kaneka has been developing amorphous silicon thin film technology since 1980 and has advanced manufacturing into developing higher efficiency tandem microcrystalline silicon solar panels.The company also sells transperant see through solar panels.Note Thin Film Technology is facing existential threat from the rapid price reduction in the mainstream crystalline silicon technology which comprises about 85% of the global solar panel market.Kaneka sells its solar modules under the HYBRID brand name which refers to its hybrid tandem thin film silicon technology.Note other companies like Sanyo,Mitsubishi.Oerlikon have also developed this form of technology which gives higher efficiency solar panels as it captures a bigger part of the solar spectrum.
July 6, 2011
Solar Power in Australia has grown massively in 2010 and 2011 driven by state feed in tariffs also known as the solar bonus scheme or solar credits.This has resulted in the capacity limits being reached and most of the state solar subsidy schemes have been withdrawn (see the current state feed-in-tariff schemes below).However the Australian federal government is still offering the Renewable Energy Credit Scheme under which solar power generated is eligible to get solar credits which can be solar in the open market for cash.This will still drive the use of solar energy as the falling prices of chinese solar panels has made solar energy near electricity price parity in a number of places.Australia which gets a lot of sunshine is ideal for solar energy which promotes climate change mitigation as well besides reducing pollution.Australia has the highest average solar radiation of any continent in the world, which means solar industry has the greatest potential.
July 6, 2011
Solar Panels are sold by hundreds of companies around the world ranging from small to very large and comes in various shapes and sizes as well.Besides this solar panels are also made of very different materials for example silicon solar panels and thin film solar panels.So comparing solar panels and choosing a solar panel is a very difficult process if you want the best solar panel according to your need.The most efficiency solar panels are needed in cases where the land area or rooftop area is at a premium.Note a typical 200-250 watt solar panel requires an area of 60x38 inches which means an area of around 2000 square inches.1 megawatt of solar panels would require an area of between 5-10 acres of land depending on the efficiency of the solar panels.However this can be reduced by using solar trackers which can increase the output of solar panels though they to increase the area requirement slightly.Also the area also depends on the location of the place since a place recieving high sunlight for example California would require lesser area for generating the same amount of electricity compared to London (upto 30% fewer solar panels).Note solar panels with higher efficiency have a higher price tag associated with them since they require higher cost to manufacture.The most efficiency solar panels which are used in spacecraft and have a efficiency of around 35-40% may cost upto 100 times more than the normal silicon solar panel.
July 6, 2011
Types of Solar Panels Explained (Amorphous,Polycrystalline,Monocrystalline with Efficiency) for Home
Types of Solar Panels have increased manifold with the surging global solar demand fueled by falling prices of solar panels/modules.Note Solar Panels prices would have fallen by around 75% in 3 years which is a record for any energy let alone solar energy.This has made Solar Electricity on par with Electricity prices in a number of places globally.The number of manufacturers of solar panels too has increased drastically particuarly in China and Asia.The range of technologies being used to made solar panels has also increased in tandem.However polyscrystalline silicon solar panels continues to be the king of solar panels accounting for a lion's share of solar panels produced globally (around 75% according to my estimates).Each Solar Panel Technology differs from others in terms of efficiency and price.They also differ in their electricity production capabilities depending on temperature.They also differ in weight and flexibility.The Sizes of Solar Panels are also quite different and different powered solar panels are required for different applications.For a small power need like charging a mobile phone only a 5-20 watt solar panel would do while for powering a solar house you would need a number of 200-300 watt solar panels.
July 6, 2011
The ET Solar Group was founded in 2007.The company is relatively small compared to the biggest solar panel producers like Yingli,Suntech as its capacity is one/fifth the size of these big panel producers.It is more comparable to small Chinese solar companies like CEEG Solar,Eging and Sunlink..ET Solar is a quasi vertically integrated solar equipment manufacturer with presence in Europe, North America and Australia. ET Solar iis not fully integrated like LDK,Yinglie which makes polysilicon as well.However it does make silicon ingot, wafer, cell, module and a variety of BoS component products. ET Solar offers high-quality modules, inverter, tracker, BIPV, PV Kit and other solar products in more than 50 countries and regions in the whole world. Worldwide more than 500MW projects are already finished.The company is not publicly listed but is funded from Private Equity Sources.In these tough conditions it is questionable whether ET Solar can survive as it is not a Tier 1 producer.ET Solar has a good presence in the UK and Australian Markets.However Australian Solar Power Industry has seen a number of solar panel producers entering the industry and there are good alternatives available from Trina and Suntech
July 6, 2011
Solar Panels are now available from hundreds of different manufacturers using different technologies like crystalline Silicion,CIGs and Cd-Te.The Solar Panels Efficiency also varies a lot depending on the solar panel manufacturer and the technology used.The cost of the solar panel can also vary a lot depending on the retailer,size of the solar panel,technology and the brand.This makes buying solar panels a confusing problem though most residential and commercial buyers are not involved leaving the decision to the solar installer/EPC company.Sunpower is a US company which makes the most efficient solar panels using its monocrystalline solar cell technology which gives efficiency of more than 24%.The company sells black solar panels with efficiency of 18-20% .The company is a solar system integrator and developer as well building some of the largest solar farms in the US.The company was recently bought by the French Oil Giant Total.Sunpower operates in all the main segments of the market and has reputation for selling some of the highest quality solar panels in the country.
July 6, 2011
First Solar is going to the biggest producer of solar panels in the world despite having a solar panel technology which differs from almost all of its competitors.First Solar Solar Panels use Cadmium-Tellurium Thin Film Solar Technology while the majority of the Solar Industry uses Crystalline Silicon Technology.Despite the difference First Solar is the most valued solar stock in the world and has been for a long time.Despite stiff competition from the silicon technology and most of the thin film companies going bankrupt,First Solar has managed to hold on cutting costs and improving yields continuously.In fact First Solar Solar Panels have the lowest cost of production in the world.First Solar Solar Panels efficiency has also increased in the last few years such that First Solar is now targeting commercial segments of the market.Note First Solar earlier used to sell solar panels mostly to developers and utilities to build ground mounted solar panel farms where the lower efficiency of the Cd-Te solar panels did not matter.The reason is that in large solar farms space and area constraints are not there unlike in rooftops where the space is a major issue.
July 6, 2011
Solar Power in India is generating huge excitement with falling prices of Solar Power and government incentives under the JNNSM.However Subsidy of Home and Small Commercial Solar Energy Systems has not been big enough.Unlike Western Countries which are shifting their government subsidies towards smaller solar rooftop systems,the Indian government is supporting even larger solar panel plants.This will lead to only large investors,utilities and companies being left in the fray and lead to lesser competition.Also there is no support for rooftop solar which will help to broad base the reach of solar energy.A Policy which helps distributed solar like Germany will do much more to boost solar in the country than supporting massive solar plants that will only help large companies making the most of the taxpayer subsidies..Note Delhi is the only state in India which is giving primacy to rooftop solar systems and is in the process of announcing a capital subsidy soon.The reason may be that Delhi mostly consists of urban homes and they have little option.However there is a subsidy available for small home solar power systems though it is difficult to get and only possible for large corporates till now.
July 6, 2011
Germany till a couple of years was the home of the biggest solar panel manufacturers in the world.This was driven mainly by the German Renewable Energy Law (EEG) which is the most successful renewable energy subsidy in the world.The German Solar Market has become the biggest in the world for the last 2-3 years and an estimated 25 GW of solar panels would have been installed in Germany.Capitalizing on a large domestic market a number of solar companies like Q-Cells,Solarworld,Solon and others became the biggest in the world.However the rise of the Chinese solar panel manufactures has made these companies shrink with some of them like Q-Cells facing questions of survival.The prices of the Chinese solar panels has become lower than the costs of the German made solar modules putting the economic viability of the German solar panels in question.Though the quality of the German made solar panels is higher and some of the best solar panels in the world are produced by the Germans,the price differential has meant that Chinese have captured almost 70% of the global solar panel market leaving little for the German solar panel companies.The Italian Feed in Tariff Law Contio Energia 3 has given somewhat of a boost to the German solar panel makers as it gives higher subsidies for solar projects,farms using European based modules.However German solar panel producers are in a secular decline with most of them shifting their factories to Asia.Q-Cells and Bosch have set up big solar manufacturing facilities in Malaysia while Solarworld is doing so in the US.Another Big European Solar Producer REC is closing its factories in Norway while expanding it in Singapore.
July 6, 2011
CNPV is one of the bigger Tier 2 Chinese solar panel manufacturers with its factories based in China.The company does not have a big presence in the retail solar panel market as it sells mainly to solar farm developers.However with solar roofs becoming more important as government focus their efforts on residential installations compared to utility installations,it a matter of time before CNPV becomes available through online and offline dealers for residential solar.Quality wise and price wise the company is comparable to the smaller Chinese solar panel producers like CEEG,Sunink,ET Solar and SunEarth.However it does not have the backing of a big parent group so there is the danger that the company may not be available to survive the solar glut which has seen the solar panel prices coming down by more than 50% in 2011.However given its listing on the NYSE and its recent order flow from big distributors,it looks unlikely that it will fail.
July 6, 2011
Soar Rebates are a very important decision making factor when buying solar panels for your home or office or factory.The reason is that solar energy today is still not competitive with fossil fuel energy.However the costs of solar energy have declined dramatically in the recent past.It is estimated that solar energy will be competitive with coal,gas and other fossil fuels in 2-3 years in most places around the earth.In fact it has already reached "grid parity" in a number of countries like Italy,Hawai where there is a lot of sunshine and the cost of electricity is also high.Australia too has a large number of sunny hours which makes it ideal to install solar panels.State governments in Australia have been at the forefront of giving rebates and subsidies to promote solar energy in the country.This has resulted in a large boom of solar installations among residents in the country who are taking advantage of the generous subsidies.Though recently a number of provinces like New South Vales and Victoria have reduced the solar rebates , the falling cost of solar panels in Australia has still made it attractive enough for people to put up solar panels.
Most of the state government Feed in Tariff Schemes have closed down under a deluge of applications and have reached the limit.Now the rebates for solar energy is federal in nature where you can receive a Renewable Energy Certificate (REC) or Solar Credit for the solar energy generated from solar panels.Here is a list of the solar rebates and subsidies available in different states of Australia.
July 6, 2011
Solar Power in India has been growing at an explosive pace due to declining costs of Solar Energy and incentives given by the Government of India under JNNSM.While most of the subsidies for solar energy in India are going to large solar farms,Solar Lighting is also growing steadily without any support.This is due to the fact that Solar Lighting saves on electricity costs and is also environment friendly.Solar Lighting in India is gaining traction not only in the upper income segments but also at the bottom of the pyramid.Solar Lanterns and Lamps are replacing expensive,GHG emitting kerosene lamps in poor rural as well as urban India.Depsite shoddy subsidies,solar lamps have become economic to compete with fossil fuel alternatives.Solar Lighting is also being heavily used for Street Illumination in places where the electricity grid is not present.Solar Lighting is also gaining acceptance in use in gardens where they can capture sunlight in the morning and light the gardens in the night using the stored energy.
July 6, 2011
Amorphous Silicon Solar Panels were the big rage in 2-3 years ago when the prices of polysilicon the main raw material were touching $500/kg making the mainstream crystalline silicon solar panels very expensive.Amorphous Silicon (a-Si) on the other hand is a non-crystalline silicon which is deposited as an extremely thin layer on glass and other substrates.The cost of the silicon is much lower though the efficiency of solar cells which are made from a-Si is about half of those made from crystalline silicon.Applied Materials with its SunFab turnkey amorphous silicon (a-Si) equipment capitalized on this opportunity, lining up a number of customers with some customer orders in the range of a Billion Dollars.Oerlikon Solar was the other major thin film equipment market winning customers in Europe and China.Sky high poly prices also gave birth to numerous Thin Film startups planning to Manufacture and Use their own equipment rather than selling it .
July 6, 2011
Solar ETFs are in the new because of a spectacular decline in 2011 caused mainly by the massive oversupply of Chinese solar panels.This has resulted in the two solar ETFs TAN and KWT making new all times lows.The main reason is the huge negative sentiment towards green energy stocks in general because of the lack of support towards climate change and over competition from Asian companies.However the Solar Industry is one of the best growth industries and the leaders who come out of this consolidation will have a bright future.You can see the 100 solar energy stocks to pick up what you think would be the leader.For less ambitious mortals you can look to pick up the TAN Guggenheim ETF which is the biggest solar ETF.You can also look at the comparison between TAN and KWT to decide on what to buy.Note Solar Energy's biggest advantage is the falling costs of solar panels which is bad for the solar companies but great of solar demand and customers.When the weaker hands go out of business which is already happening (Solyndra),the solar companies that remain will make huge profits as they did in 2010 when demand surged by 150%.
July 6, 2011
The Indian economy has performed strongly over the last few years, regularly hitting 8% and above growth rates . This rapid economic growth has led to a significant increase in demand for crude oil and natural gas, to the extent that India is currently the sixth largest consumer of oil and gas. India is one of the biggest importers of crude oil and natural gas as it has to import 2/3rd of its requirements of Oil. Upstream activity in India has rapidly grown post liberalization with 42 active offshore rigs and several seismic vessels engaged in operations offshore on the east and west coasts. Several significant discoveries have been announced since the New Exploration and Licensing Policy (NELP) was introduced. The commercial discovery of the Dhirubhai field by Reliance in the deepwater Krishna Godavari basin has demonstrated the existence of significant reserves in the basins of India. As India imports about two-thirds of its crude oil requirement, Exploration and production of oil and gas is critical for India's energy security and economic growth. Over the years the E&P industry has registered significant growth, primarily due to spiraling crude oil and gas prices.
July 5, 2011
Natural gas is rightly termed as the Fuel of the 21st Century, has emerged as the most preferred fuel due to its efficiency and cost effectiveness. The demand of natural gas has sharply increased in the last two decades at the global level. The production of natural gas is around 87 million standard cubic meters per day. The main producers of natural gas are Oil & Natural Gas Corporation Ltd. (ONGC), Oil India Limited (OIL) and JVs of Tapti, Panna-Mukta and Ravva. Even private parties from some fields produce gas under Production Sharing Contracts. Government has also offered blocks under New Exploration Licensing Policy (NELP) to private and public sector companies with the right to market gas at market determined prices. In India most of the production of gas comes from the Western offshore area. The on-shore fields in Assam, Andhra Pradesh and Gujarat States are other major producers of gas. Smaller quantities of gas are also produced in Tripura, Tamil Nadu and Rajasthan States. OIL operates in Assam and Rajasthan States, whereas ONGC is operating in the Western offshore fields and in other states. Prior to 1987, gas prices were fixed by ONGC/OIL. since 1987, the price is being fixed by Government. The Ministry of Petroleum & Natural Gas has been regulating the allocation and pricing of gas produced by ONGC and OIL by issuing administrative orders from time to time. The gas produced by the JVs and by NELP operators is governed by the respective production sharing contracts between the Government and the producers. Under the existing policy, 100% Foreign Direct Investment (FDI) is allowed for both LNG projects and natural gas pipeline projects.
July 5, 2011
The Internet is full of websites that advertize and give you steps on how to make solar panels.In fact DIY (Do it Yourself) Solar Panels has become almost a regular industry in training common people to make solar panels at their homes.The reason given is that building solar panels at your home is much cheaper than buying solar panels from wholesalers.There are numerous books as well that you can buy on amazon that have diy solar panels.These books have nothing but a manual on how to solder solar cells together to make a solar panel.You can pretty much get this for free from any of the credible solar websites.However DIY Solar Panels throws up tons of books and website advertizements that seemingly would make you into a wizard solar panel maker.The truth is far from what these charlatans say.Solar Cell and Solar Panel prices have fallen drastically in the last few years.In fact you can buy very good solar panels from China and other places.In fact you can buy very good quality Japanese solar panels from Sharp or Sanyo at $600 for a 200 watt solar panel.
July 5, 2011
Solar Panels Demand has exploded in Ontario Canada boosted the the provincial government MicroFit program which gives a generous feed in tariff (higher electricity price) for the solar power generated from silicon solar panels fitted to your home or office.The Feed-in-Tariff depends on the size of the solar installation and is guaranteed for 20 years at a fixed price.This implies that you not only save on power bills but also get a much higher electricity price for the solar energy electricity that you are generating.This has led to a veritable boom in solar panels sale in Ontario and made it the fastest growing solar energy region in the whole of North America.However solar panels cannot be bought from anybody to qualify you for a government rebate.Only Solar Panels which meet the domestic production criteria can get solar rebates from the government.
July 5, 2011
Sanyo Solar is one the biggest Japanese solar companies along with Sharp,Kyocera and Mitsubishi.After Panasonic bought Sanyo,the emphasis on the renewable energy green division has been increased by Panasonic..Sanyo had been already been metamorphizing into a Green company from an Electronics company before Panasonic bought it for a very cheap price.Sanyo had never found much success in the cut-throat Electronics Sector with Operating Margins very near to break-even.However under Panasonic it could become a potential leader in the extremely fast growing Green Sectors.Panasonic has completely changed its strategy to become a major Green Player targeting a Major Percentage of Sales in the future to come from Green Products.Panasonic which is the world’s biggest Plasma TV producer is going to spend $1 Billion on Green Building investments.Panasonic will combine its Green Strengths with Sanyo’s to sell a complete Eco-Friendly Home complete with Solar Power,LED Lighting and Energy Storage and Efficiency capabilities.In Solar where Panasonic is the No. 3 player in Japan behind Sharp and Kyocera ,it is speeding up the expansion of solar capacity.It will spend more than $500 million aiming to triple its energy solutions business in Europe to 800 Million Euros by 2016.
July 5, 2011
1366 Technologies has got a $150 million DOE Loan Guarantee as the startup looks to raise $300 million to fund its solar wafer producing factory.Note the company is using an innovative technology which it says will be game changer in reducing the costs for making solar wafers.Note Solar Wafer Companies in China have managed to raise scale and reduce costs substantially in recent years winning marketshare from European companies like REC and Solarworld.The smaller companies like PV Crystalox are in deep trouble because of their high cost of operations and are trading at a fractional of their book value.Its a tough environment for solar companies especially if they are starting out as established solar panel companies like Evergreen Solar are facing potential bankruptcy.Evergreen Solar got millions of dollars in grants and loans from Massachusetts however the company has been forced to shut down its factory.Like 1366 Technologies Evergreen too uses a unique technology "String Ribbon" to producer solar wafers .However it has not been able to scale and reduce costs compared to the mainstream silicon solar wafer producers like LDK and GCL.
July 5, 2011
India suffers from a massive electricity deficit with large swathes of the country undergoing power blackouts of as long as 8-10 hours on a regular basis.The problem becomes even more acute in the summer season when air conditioners are being used in an increasing number of homes and offices.The industry too is using more and more amounts of electricity as the Indian economic growth rate has exceeded at 8% in the last few years.The electricity situation has not improved and looks like it will become more miserable.The sorry state of affairs is that the cost of fuel is rising but the electricity regulators are loath to increase prices.This means that Indian electric utilities will supply low power as they will be reluctant to buy higher cost electricity.According to CEA,India had a peak demand of around 116 MW in Apri-Dec 2009 with 101 GW of Supply resulting in a 12.5% Demand Deficit.The Fast Growing Economy has resulted in even higher demand for power which has not been met by increased demand.
July 5, 2011
State governments in Australia have been at the forefront of giving rebates and subsidies to promote solar energy in the country.This has resulted in a large boom of solar installations among residents in the country who are taking advantage of the generous subsidies.Though recently a number of provinces like New South Vales and Victoria have stopped the solar rebates , the falling cost of solar panels in Australia has still made it attractive enough for people to put up solar panels.Now the rebates for solar energy is federal in nature where you can receive a Renewable Energy Certificate (REC) or Solar Credit for the solar energy generated from solar panels
July 5, 2011
Renewable Energy is a sunshine industry in India right now and a number of non traditional players are getting into the clean energy industry right now.Companies with surplus cash or lack of growth opportunities are turning to solar energy generation to fuel growth.The JNNSM first phase saw a large number of companies bidding and some unknown players winning the auction.While a large number of these solar companies will never their projects see the light of the day (pun intended),some will survive and thrive.More companies are getting into the solar power busness attracted by the long term potential of solar energy in the country.Kanoria Chemicals which recently sold off a large chunk of its chemical business is sitting on a huge pile of cash.The company has decided to get into renewable energy generation by setting up a 2-3 MW solar plant.Note Kanoria Chemicals has little to any relation between its core operations and solar energy.
July 5, 2011
Solar Panels are sold by hundreds of companies around the world ranging from small to very large and comes in various shapes and sizes as well.Besides this solar panels are also made of very different materials for example silicon solar panels and thin film solar panels.So comparing solar panels and choosing a solar panel is a very difficult process if you want the best solar panel according to your needs.Note solar panels for the most part are brought by the solar integrators or solar installers that you employ to put up solar panels in your house or office.So you are not generally a part of the decision making process in case of solar panel buying.However to ensure that you get a good deal on your solar array installation,you should ensure that you get good quality solar panels and solar inverters.The solar panels should ideally have certification from quality organizations such as TUV,ISO,Clean Energy Council and others.Same with Solar Inverters that you are going to use.
July 5, 2011
Solar Energy is the fastest growing industry in the USA and has been one of the fastest globally as well with solar demand rising by more than 150% in 2010 fueled by massive cuts in prices of solar panels especially those from China.While this has led to a major drop in solar energy stock prices this has also led to a massive boost in volumes due to demand elasticity.Only the top solar companies will be able to survive this brutal consolidation that is taking place with some companies like Solyndra already consigned to the death list.Solar Industry is a global one and has a big supply chain as well.This means that looking at only one stock market will deprive you of better opportunities that might exist in other stock markets.There is also a big supply chain associated especially with crystalline solar panels.There are companies that exist only in Polysilicon,Wafers,Cells,Modules.There are also companies that are suppliers of material like encapsulants and metal alloys to these industries.This article will give you a very broad idea on the complete list of solar energy stocks that exist in each part of the supply and different parts of the world.You can also look at the 2 solar ETFs that trade on the US stock markets TAN and KWT .
July 4, 2011
Japan has decided to from 5 consortia of three to nine companies to bid for large solar projects in Asia and Africa.The Japanese government will support these consortia with subsidies and diplomacy to take on the Chinese solar companies.Note Chinese companies have soundly beaten the Japanese in solar company rankings despite the early mover advantage.Japanese zaibatsus are falling behind the Chinese in the global solar marketshare as low costs,cheap capital and huge subsidies have bankrupted European and American solar companies.Solar Energy in Japan has a long future dating back to 1994 when the government introduced capital subsidies to boost solar energy installations on rooftops.Till 2004,Japan was the largest solar market in the world after which it was overtaken by Germany.After 2004,the growth in the solar industry tapered off as the government reduced the subsidies for solar panels to almost zero.The huge domestic market gave rise to Japanese companies like Sharp,Mitsubishi,Kyocera,Panasonic-Sanyo become top solar panel producers in the world.However the low cost Chinese solar module producers have pushed back most of the Japanese companies
July 4, 2011
LG Solar Review of Multicrystalline and MonoCrystalline PV Cell Panels Modules Prices and Comparison
The LG Group is producing solar products through two Group Companies. LG Solar Energy was formed in 2007 to produce polysilicon which is the most important raw material for the production of solar wafers.It is already selling solar modules in the South Korean and European markets and plans to rapidly expand capacity to One Gigawatt by 2012.LG Electronics , plans to invest 1 trillion won by 2015 in its solar cell business and aims to generate revenue of 3 trillion won by 2015.LG plans to increase annual production of solar cells and modules at its plant in South Korea to 500 megawatts next year and 1,000 megawatts by 2013, from 330 megawatts today.LG plans to have a completely vertically integrated business in the Solar Power and plans to install massive solar power plants in the USA as well.
July 4, 2011
.The cost of the solar panel can also vary a lot depending on the retailer,size of the solar panel,technology and the brand.This makes buying solar panels a confusing problem though most residential and commercial buyers are not involved leaving the decision to the solar installer/EPC company.The advent of Chinese solar panels has made the Western and European solar panel companies lost marketshare rapidly.In fact most of the European companies are shutting factories to open plant in Asia where the costs are much lower.Japanese solar companies however continue to keep their manufacturing in developed countries as they get a premium for their solar panels which are considered of superior quality.
Kyocera is one of the oldest solar panel manufacturers and is second only to Sharp amongst the Japanese companies.It also manufactures industrial ceramics, telecommunications equipment, office document imaging equipment, electronic components, semiconductor packages, cutting tools, and components for medical and dental implant systems.Kyocera Solar Corp. in Japan was founded in 1996, and Kyocera Solar, Inc. in the U.S. in 1999.The company has production bases in Japan, Mexico, Europe and China and is planning a factory in California as well.The company plans to reach 1000 MW of production by 2013.
July 4, 2011
Solar Panels are rapidly becoming a widespread commodity like shoes and clothes and will even become more of a consumer product in days to come when solar panels in offices and homes becomes a common sight.Just like other consumer products there are a wide type of solar panels on sale.Note in Germany solar panels are already frequently seen on the roofs of most houses.Prices of solar panels have fallen tremendously in the past couple of years due to declining costs amongst Chinese producers of solar panels.Just like Chinese made clothes,toys and electronics have captured most of the market globally,so to Chinese wholesale solar panel sellers have captured most of the global market.While Sharp,Sunpower and a few other Western,Japanese companies have managed to survive,the majority of the global supply of solar panels is now done by Chinese solar panel wholesale providers.