Solar trade wars, what are they good for? Absolutely nuthin! Say it again! Uh! (RIP Edwin Starr)
While the ongoing dispute (AKA solar trade war) between Europe and China continues apace, an article caught your correspondent’s eye this week (and was posted in our popular Facebook Page if you’d like to comment). Perhaps the most interesting part of the article is what it hints at: the inevitable change in focus of solar power production from the West to the East.
Business Spectator covered the demise of the Israeli company Solel, which was written off by owner German industrial giant Siemens when no sellers (mugs?) could be found to take the company off Siemen’s hands. Incredibly (or maybe not so given the Chinese solar panel charge on world markets) the solar company has incurred debts of around US$1.4 billion since its acquisition by Siemens in 2009, according to the article.
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