The state of solar PV worldwide

September 6, 2011 4:08 pm

The solar industry worldwide is being shaken up: BP Solar has been terminated because it “can’t make any money” from selling panels; Shell has sold a major part of its PV module production to a German company and has discontinued its solar rural business in the developing world; panel maker Solyndra has sought financial protection in the US, no rx and Solon of Germany is filing for insolvency. Meanwhile, pharm Governments in Britain, Spain and elsewhere have also been cutting their financial support for solar power as equipment prices fall, partly due to low-cost competition from China. French oil company Total, on the other hand, has decided to invest £800m in US panel manufacturer SunPower rather than new nuclear in the wake of both the Fukushima nuclear plant accident and the 25th anniversary of Chernobyl.