Solar manufacturers led by China’s Trina Solar Ltd. are probably selling at a loss after prices fell to a record low this week.
The global spot market price for solar panels fell 2.4 percent to an average of 36 cents a watt on Dec. 28, according to PVinsights.
Complete with 6,000 solar panels, Mineirão is the first World Cup stadium ever powered by solar energy. The plant’s installed capacity of 1,600 megawatts-hour per year (1.4 MW) is enough to power 1,200 households, according to the Brazilian federal government’s World Cup website.
While initial goals included fitting all 12 of the event’s stadiums with solar photovoltaic (PV) panels or some other form of green energy, ultimately, only a few could be completed in time.
Japan’s campaign to boost renewable power supplies since the Fukushima nuclear disaster is producing some unlikely winners: vegetable farmers.
Makoto Takazawa and his father Yukio earned 1.7 million yen ($16,700) last fiscal year selling electricity from solar panels that hang in a giant canopy above their farm east of Tokyo. The cash was almost nine times more than they made from the crops growing in the soil below.
Under pressure from trade partners to reduce agricultural subsidies, Japan has found a way round this by giving clean energy subsidies to farmers instead.