Friday, March 30, 2012

Blog #10: Cuts redraw Germany’s solar power landscape



One of Europe’s biggest and Germany’s last big solar power stations, Finow Tower, are having cuts backs.  This is a big threat for the companies that help built the Finow Tower.  One of the companies that designed and built the Finow Tower project, Solarhybrid, stored for creditor protection and joining an increasing list of German peers guided by equipment makers Solon and Solar Millennium.  An engineer who managed the plant’s construction, Michael Hufner said “I don’t think we’re going to see any more projects like this in Germany.”  The engineer figures Berlin’s plan to cut cost agreements for sun-made electricity will effort one hundred thirty thousand jobs in Germany.  The chief executive of Solarhybrid, Tom Schroder explains of cut the prices so the company can design new projects in the future.  One of the projects includes creating the solar power industry for the US and the Middle East. 
In my opinion, it is a good approach to built new solar power landscape in different countries like the US and the Middle East but it is hurting the companies that help the Finow Tower in Germany.  Cutting the prices will hurt the companies by not having a lot of revenue, lay out employees, or closing down plants.  It is going to be hard to compete with China’s solar power systems.  It will have more pressure on the German solar business and hard to beat China resource.  I hope Solarhybrid’s new project will help restore the solve industry in Germany because the citizens need the equipment to have a better environment.
 http://www.ft.com/intl/cms/s/0/bf523938-741b-11e1-bcec-00144feab49a.html

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