Solar Tariffs Seen to Cause 14% Price Spike for Chinese Panels
Prices for Chinese solar panels exported into the U.S. are seen to climb by an average of 14 percent due to duties that may be announced later this year, says GTM Research. This will translate into roughly a 10-cent-per-watt increase in the price of solar panels from China. Shayle Kann, VP of research at GTM, says that the increase will negate the price advantage the Chinese makers have had. The anticipated import duties will make panels made in Southeast Asia by U.S. companies First Solar Inc and SunPower Corp. more competitive against the most dominant Chinese producers.
GE’s CEO Makes Final Push for Alstom Bid
Jeffrey Immelt, General Electric Co.’s chief executive officer, is looking to make a final push for its bid for Alstom SA’s energy assets to counter an offer made recently by Siemens AG. Immelt came to Paris to present new details of GE’s $17 billion plan. GE refined some details of its proposal ahead of the June 23 deadline, including the structure of Alstom’s renewable energy, grid and transport units. GE confronts a $19.3 billion counterbid by Siemens AG together with Mitsubishi Heavy Industries and Hitachi Ltd.
Germany May Install Least Solar Power Capacity in 6 Years
Germany, the world’s largest solar market by total capacity, will be installing the fewest panels since 2008 as subsidies fell faster than prices. Compared from the same period last year, solar installations suffered a 45 percent drop for the first five months, adding only 818 MW. The government has cut subsidies for solar to reduce the cost of its plan to remove nuclear sources and expand renewables. BSW- Solar lobby expressed that Germany may miss its target of 2.5 GW to 3.5 GW if additions do not gather pace.
11 Member States Exceeded EU Air Pollution Limits During 2012
The European Environment Agency (EEA) recently revealed that 11 EU member states have exceeded air pollution limits in 2012. Included those who went over the legal limits were France, Germany, Ireland, the Netherlands, Spain and Sweden. The other member states were Austria, Belgium, Denmark, Luxembourg and Malta. Ironically, despite the fact that the UK is now under threat of EU legal sanctions over its air quality, it is among the member states that is on=track to comply with the limits set by the National Emission Ceilings Directive (NECD).