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Nepal, the Maldives, and Bhutan could lose around 2 percent G.D.P. due to climate change – A.D.B. report

Nepal, the Maldives, and Bhutan could lose around 2 percent G.D.P. due to climate change – A.D.B. report

Nepal, the Maldives, and Bhutan could be looking at economic losses of around 2 ...

South Asian countries face economic losses due to climate change – A.D.B. report

South Asian countries face economic losses due to climate change – A.D.B. report

Various countries in the South Asian region are looking at significant losses du...

World Bank aids Laos’ hydropower with $40 million in financing

World Bank aids Laos’ hydropower with $40 million in financing

The World Bank Group has inked two agreements for around $40 million in financin...

Vestas, EP Global Energy partner for donor-funded wind farm in Jordan

Vestas, EP Global Energy partner for donor-funded wind farm in Jordan

Wind turbine manufacturer Vestas and private energy asset developer EP Global En...

World Bank commits $5 billion for African renewable energy projects

World Bank commits $5 billion for African renewable energy projects

The World Bank Group has committed US$5 billion towards supporting energy projec...

Seven creative ways to teach your kids about eco-living

Seven creative ways to teach your kids about eco-living

According to Bureau of Labor Statistics, 3.1 million jobs in the United States w...

$50 million A.D.B. loan to develop Indonesia’s geothermal potential

$50 million A.D.B. loan to develop Indonesia’s geothermal potential

The Asian Development Bank will provide Indonesia a loan of up to $50 million to...

Business

Technology

Charging and recharging lithium-ion batteries less damaging then believed

Charging and recharging lithium-ion batteries less damaging then believed

Tuesday, 16 September 2014

Rapid charging and discharging isn’t as damaging to lithium-ion batteries as originally thought, according to researchers from Stanford University. Li...

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Politics

China takes big step in reducing ozone depleting gases

China takes big step in reducing ozone depleting gases

Tuesday, 16 September 2014

China has taken a big step towards reducing its hydrochlorfluorocarbons by closing down five HCFC production lines. The closure of the five HCFC produ...

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Living Green

How the garden office could offer you a greener lifestyle, and cut traffic congestion too

How the garden office could offer you a greener lifestyle, and cut traffic congestion too

Tuesday, 16 September 2014

“A typical organization’s largest environmental footprint, especially energy use and pollution emissions, can be traced to its employees’ travel to an...

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Renewables

Largest 100% biomass-fueled power plant in North America opens in Ontario

Largest 100% biomass-fueled power plant in North America opens in Ontario

Tuesday, 16 September 2014

North America’s largest 100 percent biomass fueled power station is now operating in Ontario, Canada. The Atikokan Generating Station was previously a...

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Low-Carbon

Aleees, Sony to build electric buses in Taiwan

Aleees, Sony to build electric buses in Taiwan

Saturday, 06 September 2014

Taiwanese electronic bus manufacturer Aleees will be teaming up with Sony to develop a new electric bus. Beginning this September, Aleees and Sony agr...

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Opinion

Unsustainable urban life: What's next?

Unsustainable urban life: What's next?

Wednesday, 11 June 2014

Nutrition plays a critical role in everyone’s chance at a better future. Hunger, said Benjamin Franklin once, is the best pickle. Some say “pickle”...

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Q-Cells revenue down by 20% in 2011; Market uncertainty blamed

A tough market environment and a severe price decline were cited by industry-leading German photovoltaic company Q-Cells as reasons for a drop in its sales for fiscal year 2011.

The company published their unaudited annual results for the year this week, revealing that they achieved sales of 1.023 billion euros ($1.366 billion). While this puts them above their 1-billion-euro sales target for the year, the figure is 20 percent lower compared with 2010 sales which was at 1.354 billion euros.

Q-Cells ended the year with a loss of 845.8 million euros compared with 2010 when they earned a net profit of 18.9 million euros.

According to Q-Cells chief executive Dr. Nedim Cen, prolonged uncertainty concerning subsidy rules in Italy, the world's second-largest photovoltaics market, had a detrimental effect on demand worldwide.

Meanwhile, an expected industry boom, following an increase in interest in renewables in Germany and elsewhere due to concerns over the safety of nuclear power triggered by the accident at Fukushima, failed to materialize.

These factors, plus an excess in production capacities and the rise in Asian PV companies' capabilities, led to a decline in prices of 40 to 60 percent. This in turn had a negative impact on Q-Cells' results. – EcoSeed Staff

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