China winning solar-electric race: report (Link fixed)

"China is slashing prices and moving to dominate solar energy in the way Japanese manufacturers ruled consumer electronics decades ago," and making solar electricity more affordable, Bloomberg writes here.

New Jersey consultant SunDurance Energy recently convinced Rutgers University to buy $10 million in solar panels from China's Yingli Green Energy Holding Co., instead of Western manufacturers.

“The ability of the Chinese to manufacture at scale" in vast low-cost factories "is a very big reason why the cost of these panels has come down,” former Pennsylvania environment secretary and solar promoter Kathleen A. McGinty, now a partner at Element Partners, Radnor, told Bloomberg.

Cheap Chinese solar panels from China government-financed makers like ingli, Suntech Power, and Trina Solar now hold 43 percent of the world market, Bloomberg says.

Continue Reading