Solar panel makers have suffered this year from a falloff in demand due to a lack of available financing for projects but the U.S. market for solar power has improved dramatically in the last six weeks, says the head of solar panel maker Yingli Green Energy.
“Increasingly attractive returns on solar projects have attracted more debt financing from banks in recent weeks, while the Obama administration earlier this month unveiled guidelines that will allow companies to apply for $3 billion in government grants for renewable energy projects.”
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He also said that residential sales of solar panels have remained “rather robust” throughout the economic downturn. (Continue reading in Reuters)