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UPDATED 1 Sept: The EI library in London is temporarily closed to the public, as a precautionary measure in light of the ongoing COVID-19 situation. The Knowledge Service will still be answering email queries via email , or via live chats during working hours (09:15-17:00 GMT). Our e-library is always open for members here: eLibrary , for full-text access to over 200 e-books and millions of articles. Thank you for your patience.
Q-Cells cuts profit forecast as drive for renewable energy loses power
Q-Cells, the world’s largest manufacturer of solar cells, cut its 2008 earnings forecasts yesterday, giving warning that a global recession was sapping demand for renewable energy. Anton Milner, the chief executive of the German group, said that it had been hit by a “flood” of cancellations and delays in customer orders in recent weeks as developers of solar power projects worldwide struggle to raise finance. Tumbling oil prices have also undermined the economic rationale behind renewable energy schemes.
News Item details
Websites:
http://www.the-times.co.uk
Keywords: Solar
Organisation: Q-Cells
Subjects: Information technology, Energy engineering, Trading, Project Management, Electricity generation, Solar energy, Solar thermal, Oil, Photovoltaics, Solar cells
