This past days as you may have notice, all of my posts were all related to solar energy. It's because it is developing at a faster rate compared to other renewable energy sources.
Solar energy for me is the most convenient and the easiest way to install and operate compared to say wind energy and hydro-energy . Because of this, several companies manufacturing solar panels and solar cells emerged in the past few years. Others (electronics and semiconductor manufacturing companies) as of the moment were also catching up and starting to build there own solar cell and solar cell related products.
This scenario has resulted to very tight and fierce competition on who could deliver the most efficient and cheaper products.
Then came the Chinese manufacturer which could manufacture the same product at a lower price compared to any competitor out there. This is the reason why one of the great American companies, Evergreen Solar Inc., once a darling of the U.S. solar industry, according to Wall Street Journal, filed for bankruptcy protection this week, saying it couldn't compete with Chinese competitors without a reorganization—a sign of the difficulty in creating "green" U.S. manufacturing jobs amid bruising competition across the globe.
The market for solar panels is expanding world-wide. But the key thing driving demand is increasingly lower prices, which is forcing U.S. firms into a cutthroat cost-cutting war with rivals in China and elsewhere.
In all of this competition, it couldn't be denied that China is on the rise in terms of economy and to be specific - its manufacturing power which could deliver solar products at a lower price that holds the reasons why many companies resorted to stiff cost cutting measures just to survive. However, solar companies should not forget that it is the consumers that would ultimately define and dictate their future survival.
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