Solar Power by Chinese Firms - Exponential View

 

Source - Exponential View

Time is ticking for big energy players like BP, Shell and other traditional energy companies. Now, the grown is shifting to big players who are new to the arena. They are the Chinese companies who are into solar energy production. Well, I haven't heard any of them. 

So, if you're in charge of the traditional oil producers, what decisions will you take today to protect your income, your clout! Btw, is there anything that could be done? 

Is the only way to survive is to shift to solar or other forms of energy? But, that's going to take some time? Does companies like BP or Chevron has alternative energy units which are looking into the clean energy generation. 

What about big Oil Corporations in India? Do you they have a plan B to offset the changes that are happening now? 

Here's a snippet from Exponential View 

Have you heard of Tongwei? How about BP? Everyone knows the Seven Sisters of Big Oil, but there’s a new rival on the block – let’s call them China’s Solar Seven.

David Fickling points out that The Solar Seven are now producing amounts of useful energy comparable to the Big Oil companies. If you consider the total amount of energy that each firm can produce without major reinvestment (either finding new reserves or depreciation of panels), “clean power moves clearly into the lead.” (See chart.)

This marks the beginning of a profound shift from oil to solar energy. Tongwei is already planning to double its current solar production capacity. My view is that solar producers will have less

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