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.


SMS Code Sent…

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Log in to access this content

Looks you are already a member. Please enter your password to proceed

Hi {{ user.FirstName }}

Verify your mobile number to unlock a FREE trial

Looks like you've already taken a free trial

Please sign up for full access

Updating information

Please wait ...

Related Articles