China vs Europe: a great renewables contrast

Beijing shows its support for solar with a $1.6 billion credit line to a PV developer. Contrastingly, in Europe, Siemens announces plans to exit solar altogether and the Danish government says it won’t step in to assist financially troubled turbine maker Vestas.

The headline of the week in clean energy was the $US1.6 billion credit line extended by China Development Bank to Sky Solar Holdings – a Shanghai-based PV power developer. The world's most populous country was declaring its backing for its struggling solar industry in actions as well as words.

The news from Europe was in sharp contrast, with Siemens announcing its exit from the solar business altogether and the Danish government ruling out any support to Vestas, the world's largest wind turbine maker.

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