This part:
"Chinese subsidies to new energy companies are much smaller than those of the U.S. government,"
Government owned/subsidized banks have given huge loans to Chinese solar companies over the past couple of years, especially in the past year. That is documented in various posts on this and the Solar Power thread, and I am pretty sure that that not all the loans are documented there. The Chinese govt ordered many of their solar panel companies to consolidate a couple of years ago when the glut first hit, and so they did. That is why one reason pricing has been as strong as it has been in recent months, IMHO.
I think Chinese govt policy favoring solar and wind is a good thing, not a bad thing. And I wish that the US govt would do the same thing, and, even more, I wish they would be a financial position to do much than they do. But the O&G sector is far far stronger in this stronger in this country than in China, and even if our financial position did permit the govt to give the same kind of aid to alternative sources of energy, the vested interests wouldn't permit it. |
