China's New Focus on Solar ($0.10 per kWh PV)

[jpak]

http://www.renewableenergyworld.com/rea/news/article/2009/05/chinas-new-focus-on-solar

China's government has announced generous support for its photovoltaic companies, which are aiming to become market leaders and be the first to supply solar power at just US $ 0.10 per kilowatt-hour (kWh).

Subsidies are coming at just the right time for the country's flagging solar companies as well as for companies in countries like Germany and Canada, looking for new export opportunities.

Because exports account for about 98 percent of Chinese photovoltaic (PV) companies' revenue, they have been especially hard hit by the drop in demand due to the current global financial turmoil, forcing the government to take steps to "rebalance" the industry as reported by Lou Schwartz on April 13th.

According to a report in the English edition of China's "Digitimes" on December 8th, 2008, there were 350 Chinese PV companies doing business in mid-2008, but at least 200 of those companies had stopped production or folded altogether by the end of the year.

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[librechik]

1. Oh, Goody! maybe someday we can get it then!

from Chinese factories.

:mad:

[greenman3610]

2. We invented the technology. Since Reagan, we decided to sit on it.

[librechik]

3. I know--it's almost like we secretly got taken over by the Chinese

with the help of our own government!

nope. Left my tinfoil hat at home. Quacks like a duck.