Solar Focus: China invests in biggest solar project, private sector struggles

This is part of a series of short news updates beyond Greenpeace-specific news. World environmental events in a blurb:

Focus on Solar Energy:

While China invests in the world’s biggest solar project, the recession could cut the solar industry in half by 2010.

The Information Network, a market research firm, announced that 50 per cent of solar panel manufacturers might not survive next year. While the cost of solar panels is going down, making solar panels more accessible for the private sector, the economic recession is making business tough for the manufacturers. (Could we be looking at a solar energy oligopoly in the near future?)

Meanwhile, First Solar Inc., a U.S.-based renewable energy company, just announced it will build the world’s largest solar power plant in China as the country plans to increase non- polluting electricity generation.

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