NewEnergyNews: Cheap China Solar Still Pushing Global Market/

NewEnergyNews

Gleanings from the web and the world, condensed for convenience, illustrated for enlightenment, arranged for impact...

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YESTERDAY

THINGS-TO-THINK-ABOUT WEDNESDAY, August 23:

  • TTTA Wednesday-ORIGINAL REPORTING: The IRA And The New Energy Boom
  • TTTA Wednesday-ORIGINAL REPORTING: The IRA And the EV Revolution
  • THE DAY BEFORE

  • Weekend Video: Coming Ocean Current Collapse Could Up Climate Crisis
  • Weekend Video: Impacts Of The Atlantic Meridional Overturning Current Collapse
  • Weekend Video: More Facts On The AMOC
  • THE DAY BEFORE THE DAY BEFORE

    WEEKEND VIDEOS, July 15-16:

  • Weekend Video: The Truth About China And The Climate Crisis
  • Weekend Video: Florida Insurance At The Climate Crisis Storm’s Eye
  • Weekend Video: The 9-1-1 On Rooftop Solar
  • THE DAY BEFORE THAT

    WEEKEND VIDEOS, July 8-9:

  • Weekend Video: Bill Nye Science Guy On The Climate Crisis
  • Weekend Video: The Changes Causing The Crisis
  • Weekend Video: A “Massive Global Solar Boom” Now
  • THE LAST DAY UP HERE

    WEEKEND VIDEOS, July 1-2:

  • The Global New Energy Boom Accelerates
  • Ukraine Faces The Climate Crisis While Fighting To Survive
  • Texas Heat And Politics Of Denial
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    Founding Editor Herman K. Trabish

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    WEEKEND VIDEOS, June 17-18

  • Fixing The Power System
  • The Energy Storage Solution
  • New Energy Equity With Community Solar
  • Weekend Video: The Way Wind Can Help Win Wars
  • Weekend Video: New Support For Hydropower
  • Some details about NewEnergyNews and the man behind the curtain: Herman K. Trabish, Agua Dulce, CA., Doctor with my hands, Writer with my head, Student of New Energy and Human Experience with my heart

    email: herman@NewEnergyNews.net

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  • WEEKEND VIDEOS, August 24-26:
  • Happy One-Year Birthday, Inflation Reduction Act
  • The Virtual Power Plant Boom, Part 1
  • The Virtual Power Plant Boom, Part 2

    Friday, August 12, 2016

    Cheap China Solar Still Pushing Global Market

    U.S. Solar Industry Has a Problem, And It's Not Tax Credits: It's China; Solar panel maker SunPower blamed tax incentives for its early 2016 troubles this week, but the U.S. industry faces a much bigger obstacle in the next 2 years.

    Tom Terrarosa, August 12, 2016 (The Street)

    “…[S]olar panel manufacturer SunPower (SPWR) sent shock waves through the industry this week when it said it would be deep in the red at year's end…[It had] expected to break even or profit as much as $50 million in 2016…[Its stock crashed 30% and the stocks of First Solar (FSLR) , SolarEdge Technologies (SEDG) and Canadian Solar(CSIQ) closed down between 3.5% and 10% before gaining back some of the loss]…Though part of the problem is a shift in production caused by tax credit extensions but global solar] companies face a larger issue in 2016: China…German solar equipment maker SMA Solar [is shutting] down production sites in Denver and Cape Town, South Africa due to pricing pressure caused by Chinese competitors…China's second half solar demand has fallen off a cliff…[so it will ship more] to the U.S. in the second half…That's bad news for U.S. solar panel manufacturers like SunPower and First Solar, who will have to compete on lower prices…[T]he U.S. has typically fought off this oversupply with taxes on exports from these Chinese solar companies…[but China is circumventing U.S. tariffs by shipping from offshore factories]…SunPower appears to combating this momentum by moving its supply closer to end-markets to cut costs…” click here for more

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