Slate Magazine
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Business & Economics
75% Informative
Frida Ghitis: Rooftop-solar companies facing bankruptcies in U.S. and Europe .
She says California , Europe , Germany , Greece , China , Canada , Puerto Rico and Puerto Rico all have solar projects.
Ghitis says the era of harnessing power from the sun is not yet over, but the solar sector is booming.
China set up a large-scale operation that could shoot out cheap solar panels and components at scale.
This simultaneously exploded Chinese renewable-power capacity and undermined international competitors.
California is now so awash in roof-solar power that it’s incentivizing the ownership of solar-and-battery systems that can store energy.
The Federal Emergency Management Agency is offering to compensate local governments for solar panels, heat pumps, and microgrids.
The federal government is also accelerating efforts to green its own infrastructure, with rooftop solar coming to the Pentagon and batteries coming for important observatories.
Maybe the U.S. government won’t do everything, but at least it can do its part to maintain a sunny forecast for the solar business.
VR Score
78
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82
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26
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English
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