Home Back Issues October 2008 Industry glut clouds solar job forecast

Industry glut clouds solar job forecast

| Print |  Email
Archives - October 2008
Wednesday, October 01, 2008

PortlandHabilitation


STATEWIDE Solar power remains a narrow bright spot within the gathering gloom of Oregon’s job market. But the picture grows a little hazier when you factor in the competition.

State leaders have poured millions of dollars into subsidizing solar installations and photovoltaic manufacturing. Oregon is expected to become the nation’s leading manufacturer of solar cells by next year. SolarWorld, Solaicx, Peak Sun Silicon and promising Intel spin-off SpectraWatt are hiring production workers, financial analysts, engineers and technicians.

Rumors have been circulating for months that even larger solar manufacturers are also eyeing Oregon, including Sanyo Solar USA LLC, a pioneer in using amorphous silicon to improve efficiency. All of which could add up to thousands of new jobs in an economy reeling from a protracted slowdown in building, manufacturing and timber.

But Oregon is far from unique in shooting money at the sun. New manufacturing plants continue to pop up in China, Singapore, India and South Korea, not to mention Arizona, Massachusetts and New Mexico. Competition should bring prices down over time, boosting the market, but in the shortterm solar is nowhere near competing with wind power, much less coal, without subsidies.

This is a problem because subsidies are expiring in the world’s top three solar markets, Germany, Spain and the United States. Experts at a recent conference in Valencia, Spain, attended by Oregon officials estimated that supply will double demand by 2010; some went so far as to declare that the solar bubble has burst.

Oregon officials insist that is not the case. But they do find themselves wagering heavily on something beyond their control: an extension of federal investment tax credits for solar projects. A recent report commissioned by the Solar Energy Industry Association estimates that extending the tax credits through 2016 could create 440,000 jobs nationally and 10,000 in Oregon.

“The reality is that Oregon’s strategy is fairly dependent on the outcome of federal solar policy,” notes Christopher Dymond, senior energy analyst for the Oregon Department of Energy. Still, as Dymond sees it, the question for solar is not if but when. “Oregon’s current slight lead gives us the edge,” he argues, because “most other states are just waking up to the economic benefit of manufacturing local renewable energy systems.”


BEN JACKLET

 

More Articles

OB Video: Building trade ties with the EU

News
Monday, June 16, 2014
BritEmbCampionBY KIM MOORE | OB RESEARCH EDITOR

The Oregon economy could get a boost from a new trade agreement being negotiated between the U.S. and the European Union.


Read more...

100 Best Green Companies Keynote Speech

News
Friday, May 30, 2014

green2014-069Watch the 2014 100 Best Green Companies keynote speech by Eric Friedenwald-Fishman.


Read more...

Attack of the Robin Sages

Contributed Blogs
Monday, July 07, 2014
070714 thumb linkedinfakesBY TOM COX | OB BLOGGER

Named after the 2010 experiment by Thomas Ryan, "Robin Sages" are fake social media profiles designed to encourage linking and divulging valuable information.


Read more...

Oversight? Or gaming the system?

News
Monday, July 14, 2014
AmazonBY VIVIAN MCINERNY | OB BLOGGER

Some people think Amazon’s winking eye logo is starting to look like a hoodwink.


Read more...

OB Video: Dress for Success

News
Wednesday, July 02, 2014
DFSOBY JESSICA RIDGWAY | OB WEB EDITOR

Dress for Success Oregon promotes the economic independence of disadvantaged women by providing professional attire, a network of support and career development tools.


Read more...

Detox fashion

June 2014
Thursday, May 29, 2014
BY LINDA BAKER

Remember mood rings? A team of scientists at Oregon State University has designed what might be considered a 21st-century analog of the ’70s jewelry fad: a bracelet that reveals one’s exposure to pollutants.


Read more...

What I'm Reading

June 2014
Thursday, May 29, 2014

The CEO of Axiom EPM, Peri Pierone, and the co-founder of McMenamins, Mike McMenamin, share their recent reads.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS