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Solar power jobs in America — Supplied by Chinese company
Green jobs are coming to America, thanks to the world’s largest producer of solar energy products, a Chinese company.
Suntech Power Holdings Co. Ltd., the world’s largest crystalline silicon photovoltaic (PV) module manufacturer, announced plans to build a new solar manufacturing facility somewhere in the U.S. Why will a Chinese company come to America? Suntech sees:
* dramatic growth in utility demand for large-scale wholesale solar projects
* several states offering incentive programs for customer-owned systems, and
* the federal government’s recent stimulus package.
This combination of incentives sets up “steady, long-term growth in demand,” according to Suntech.
Click here to see Suntech’s announcement.
There should be some good deals ahead for those interested in purchasing solar technology. Suntech clearly sees trouble ahead for the solar power industry, so its move to the U.S. may signal tougher times for American solar companies.
Reason: Suntech’s CEO, Zhengrong Shi, says there’s a glut of solar panel producers on the market today. He predicts prices will fall 20% to 30% in this year’s third quarter.  Prices could fall as much as 50% by 2013, he says.
 
Joe Cavanaugh
The Green Guy … Products & Services
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