Last week, aside from a billion dollar-scale Chinese project getting under way, things were looking pretty gloomy. There's a bit more bad news to share, but this week's roundup ought to be a bit sunnier, on balance.
Take, for instance, Hemlock Semiconductor's hefty expansion. The Dow Chemical
Also plunking down cash this week was Total SA
While these financial commitments reflect genuine confidence, disturbing news of a Spanish confidence game has also surfaced. With developers eager to get credit for solar projects before some lucrative incentives expired in late September, they employed some creativity in meeting the deadline. One report talks about installers hooking up panels or transformers just long enough to get a confirmed grid connection, and then yanking them and heading to the next installation. Even fake panels may have been used in some cases. The numbers aren't finalized, but Spanish media have quoted a fraudulence rate pushing 40%, based on government inspections to date.
In other news, First Solar
Total SA is an Income Investor selection. If dividends put a spring in your step, check out the latest issue, in which the team unveils their seven must-own stocks. You're welcome to test the waters, free for 30 days.