How China Dominates Solar Power [Headlines PM]
Huge loans from the Chinese Development Bank are helping Chinese solar companies push American solar firms out of the market.
Armed with tens of billions in loans from the Chinese government, Chinese solar companies have scaled at a rate unthinkable only a few years ago. At the end of this year, there will likely be 50,000 megawatts (MW) of manufacturing capacity in place around the world, with much of that new capacity being developed in China and other Asian countries. (In the year 2000, there were only 100 MW of production capacity worldwide.)