http://www.nytimes.com/2010/10/13/bu...e&ref=business
Chinese solar panel makers now supply about 40 percent of the California market, the largest in the United States, and the bulk of the European market, according to Bloomberg New Energy Finance, a research and consulting firm.
“We grow every year with double revenue and almost double capacity,” said Fang Peng, the chief executive of JA Solar, in a telephone interview from the company’s Shanghai headquarters. “At end of the year, we will have 1.8 gigawatts of capacity and will have grown from 4,000 employees at the beginning of this year to more than 11,000.”
By comparison, Silicon Valley-based Solyndra expects to have a total production capacity of 300 megawatts by the end of 2011.
“The solar market has changed so much it’s almost enough to make you want to cry,” said Joseph Laia, chief executive of MiaSolĂ©. The challenges come despite extensive public and private support for the Silicon Valley companies.
Solyndra, one of the biggest firms, has raised more than $1 billion from investors. The federal government provided a $535 million loan guarantee for the company’s new
robot-run, 300,000-square-foot solar panel factory, known as Fab 2.
“The true engine of economic growth will always be companies like Solyndra,” President Obama said in May during an appearance at the then-unfinished factory. But during the year that Solyndra’s plant was under construction, competition from the Chinese helped drive the price of solar modules down 40 percent.
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So much for that engine of jobs and economic growth.
Let's recap: China's #4 solar maker employs 11,000 people and produces 1.8 gigawatts a year, while Obama's pet company Solyndra will optimistically produce 300 megawatts by the end of 2011. Solyndra's CIGS technology is actually less efficient at converting sunlight into electricity than the Chinese, but was promoted as being cheaper to manufacture, except now it's actually more expensive than China's more efficient technology. (!!!)
Keep bickering about gay marriage and legalizing marijuana, fellow Americans. Maybe we can trade Californian-grown pot for manufactured stuff from China.