German Solar Firms Eclipsed by Chinese Rivals
“Green energy used to be Germany’s great hope for its economic future. But now the German solar industry is in trouble amid huge losses, job cuts and the threat of bankruptcies.”
“Chinese firms are gaining an ever greater share of the German market—and are benefiting from German subsidies for renewable energy.”
Get the whole story in Der Spiegel published on September 7, 2011.
California-based solar firm Solyndra filed for bankruptcy, closed its plant, and laid off 1,100 people—exactly one week prior—on August 31, 2011.