First Solar, Inc. (Nasdaq: FSLR), the world's largest maker of thin-film solar panels has seen its value fall to an all-time low today. At 4:00 PM EST, the company's shares were down 6.78%, trading at $19.25 on the Nasdaq.
DuPont, the leading U.S. chemical maker, and Yingli Green Energy Holding Co., a top Chinese PV panel manufacturer, reached a $100 million deal this week with the goal of boosting supplies of solar-energy materials and promoting broader adoption of solar energy worldwide.
With the solar photovoltaic (PV) industry in a downturn on the heels of the worst recession in U.S. history, and the price of PV module parts plummeting, it’s good to read some positive news for a change.
Amidst international scrutiny for alleged illegal subsidies the Chinese have made another big move in the clean technology sector.
China, which is currently building its biggest solar thermal project, may expand its solar energy capacity by more than 13-fold by 2011.
Reaching that goal would mark a significant accomplishment, and one industry outfit is doing its best to make it happen.
First Energy Bank, a Bahrain-based investment bank, will build a $1 billion polysilicon plant in Saudi Arabia.
Concerns about climate change, energy security and ever-shrinking conventional resources are very much on everyone's mind these days. Policymakers' shifting commitment to embracing renewable technology bodes well for the future of alternatives. So despite the still-sagging economy, green players are jockeying for dominance in the world of New Energy.