By Jo Nova
The invisible shrinking solar industry
Quietly, the world manufacturing base for solar panels has been shrinking for nearly two years and yet hardly anyone knows. Especially not the Prime Minister of Australia who set up the the $1 billion Solar Sunshot a year ago to artificially create an Australian solar panel manufacturing industry, twenty years too late, and with the worst possible timing.
China has already captured the solar market and killed it.
Gluts have consequences
The CCP is making twice as many solar panels as the world wants to buy. The latest trend is from bad to worse.
Let’s remember this story, the next time the propaganda media try to tell us solar panels are setting new records. Isn’t this the sort of thing our investigative sleuths at the ABC-BBC-CBC should have been digging out before elections were held? Doesn’t this change everything?
Australia is supposed to be going gangbusters “leading the world” and installing 22,000 panels a day to meet our Net Zero target, but no one else in the world is doing that.
China’s solar giants quietly shed a third of their workforces last year
Reuters
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- Over 40 solar firms have delisted, gone bankrupt or been sold since 2024
- The industry lost $60 billion last year.
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BEIJING, August 1 (Reuters) – China’s biggest solar firms shed nearly one-third of their workforces last year, company filings show, as one of the industries hand-picked by Beijing to drive economic growth grapples with falling prices and steep losses.
There is a glut on our grids too
… 4 million Australian homeowners are set for disappointment as energy retailers all but stop buying their solar power – blowing out the promised return on investment (ROI) and pushing customers towards costly batteries.
Solar customers in Victoria, in particular, recently received notifications from their retailers that their feed-in tariff (FIT) had been slashed as of 1 July,…
