China Solar Panel Makers See Boost From Copenhagen
Via Google News I found some interesting news about the Chinese solar panel manufacturers. Solar energy is one of the best ways of harvesting renewable energy. One of the biggest factories making in this field is Trina Solar’s brilliant plant in eastern China. The workers there will turn the silicon wafers into brilliant solar cells. The cells will be capable of harvesting the energy of the sun so easily.
In the world, China is one of the biggest producers of solar cells. They are also proud of how things are going in Copenhagen. “From our behalf, business is going extremely well”, said Terry Wang, who is the chief financial officer at Trina. As many countries are trying to lower their carbon emissions, it seems that the company will greatly benefit from that. Trina will be at the center of all that good business. In the past 8 years China’s capacity to produce power has increased and they are also producing 8 gigawatts of solar power every year. The fact that the crisis has stroke and the downfall of huge solar projects in Europe, have made the prices drop a lot.
Now, the price for a grid panel with 60 cells is half of what it used to be in 2008. The demand for solar power has also increased to almost 10 medium-sized coal-fired electricity plants. This data is provided by Rory Macpherson, an investor relations director inside China’s New York Stock Exchange SunTech, company, the world leader in the solar panel maker.
China has long term plans for using renewable energies and they are planning on extending their market more and more. Even if right now the biggest clients are companies, SunTech also say that domestic clients will become more and more important next year. Also, in Beijing a new solar program called “Golden Sun” has started. It will facilitate the building of solar power grid areas.
The government will also support around 294 projects, which will create about 642 megawatts for a cost of nearly 20 billion Yuan (2.9 billion dollars). Right now there is no information on how much the companies will have to pay if they will use the government’s program, but news will come in the next weeks.
