First published in Cleantech magazine, Issue 6 2011. Copyright Cleantech Investor Ltd.
2011: a giant step towards grid parity
2011 has been a tough year for many investors in renewable energy. A surge in capacity of low cost solar modules being produced by China, combined with the economic downturn in Western economies, has hit margins for manufacturers of solar equipment around the world – and has tipped the balance for high profile casualties such as Solyndra in the US. Wind turbine manufacturers have also been hit hard by the economic conditions – especially the slowdown in projects in the US. The established European and US manufacturers are facing emerging competition from Chinese exports in this industry too.

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