U.S. Renewable Firms Going Bankrupt, What About Investing in China Counterparts?
Back in February, I did a webinar for Covestor and highlighted that renewable energy was my least favorite sector due to the expected reduction in subsidies in Europe. Witin the last couple of weeks, numerous US solar companies have gone bankrupt including the infamous Solyndra that US President Obama visited.
The biggest cause for the bankrupties has been the claim that China subsidizes their solar industry to the detriment of US firms. Considering the previous negativity on the sector, the thought crossed my mind that the collapse of competition and continued high prices of oil and gasoline might make the sector worth another look.