China and Japan: Solar PV Demand Picking Up Fast
China's solar panel demand is zooming up in the last quarter of 2009 as the nation embraces for greener energy for the next 5 years. According to the xinhua newsnet report, 2009 PV demand more than doubled compared to 2008.
This week, Suntech (STP) reportedly broke ground on a $100 million 100,000-square-meter extension to its solar cell factory based on rising demand in China and Asia. $454B green energy investment was announced in late 2009 to promote the renewable energy in the nation. Solar energy has been the topic of the 2010 World EXPO in Shanghai. Suntech Power, Solarfun (SOLF) and other Chinese solar PV makers have installed solar systems to cover the electricity demand for the whole EXPO. Many westerners do not recognize how serious the government is. Renewable energy has been regarded as the next strategy for the nation to become a world leader in the clean energy industry in the new century.
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