Saturday, November 8, 2008

Forbes Warns of a Solar Industry Shakeout

I enjoy Forbes and Businessweek and subscribe to both. It is always good to see hard-nosed business magazines take a look at renewable energy because they have the experience to evaluate this field better than mere idealists. So, when Forbes warns of a coming shakeout in the Solar Sector, there is a need to be wary:

Personally, my feeling is that US companies in this sector need to get their heads out of their posteriors and look at South Asia to sell their products. They have funding available from the Exim Bank and there is a large market especially in South Asia. Somehow, they have not bothered to do anything seriously so far. They need to focus on places where people have some money and where they need these products. I wish they gain that bit of common sense and act.

I hate coming here every time to be a bit of a pessimist, but, unfortunately, I can see no other way considering how things are going.

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