Is China's Solar Industry Getting Desperate?

Modern Energy Roundup - December 13, 2012


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Thursday, December 13th, 2012

Another Billion Dollars for Chinese Solar

Well it looks like the Chinese government is jumping in again to save its struggling solar industry. The Middle Kingdom's finance minister recently reported that China will raise its subsidies for its solar sector by $1.1 billion this year. As well, the nation will continue to integrate more solar domestically in an effort to work through excess inventory.

Nissan Ready to Ramp-Up Production of Electric Car

Nissan announced this week the launch of the United States' largest lithium-ion automotive battery plant in Smyrna, TN. The facility, which is making battery components for the ramp-up of production of the all-electric Nissan LEAF early next year, is one of three of its kind operated by a major automaker. Check out the video below. . .


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Editor's Note: From solar and wind to geothermal and biofuels, Green Chip readers want to know which renewable energy resource will take over where fossil fuels leave off. The answer is...all of the above!

There is no one single solution to today's energy crisis. However, the combination of all viable renewable energy resources, coupled with energy efficiency, conservation and smart grid development will not only lead us to energy independence and a cleaner, more sustainable energy infrastructure — but also to what will soon prove to be the greatest investment opportunity of the 21st Century.