First Solar shares climb despite German move
Shares of First Solar, which has a manufacturing site in Germany and made 60 percent to 70 percent of its sales there last year, climbed near their highest level of the day at $136.23 after dropping nearly $3 to $132.30 when news of the cuts was reported on January 14.
Germany plans to cut solar financial supports for new roof and open-field sites from April by 16 percent to 17 percent, government and industrial sources told Reuters.
Additional cuts to the subsidies will be made from 2011 if solar projects amount to more than 3,000 megawatts and even more if they total more than 3,500 megawatts, the sources said.
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For Hydro-Québec, selling to the United States means reinventing itself
MONTREAL - For 40 years, through the most vicious interprovincial battles, Canadians could agree on one way Quebec is undeniably superior to the rest of the country.
It’s hydropower, and specifically the mammoth dam system in Northern Quebec that has been paying dividends since it was first built in the 70s. “Quebec continues to boast North America’s lowest electricity prices,” was last year’s business-as-usual update in one trade publication.
With climate crisis looming, that long-ago decision earns even more envy. Not only do they pay less, but Quebeckers also emit the least carbon per capita of any province.
It may surprise most Canadians,…
