Chinese Solar Manufacturers Target U.S. as European Operations Slow
NEW YORK, NY. –In recent months, solar manufacturers from across the globe havefocused more attention on the United States as the European debtcrisis has caused demand uncertainty in the one time solar hotbed. TheBedford Report examines the outlook for companies in the Solar Industry and provides investment research on JA Solar Holdings Co.Ltd. JASO-0.73% and ReneSola Limited Ltd. SOL+2.17%.
According to a recent study by GTM Research and the Solar Energy Industries Association, U.S. solar-panel installations in 2011 topped previous years, due primarily to large solar farms, as more than1,000 megawatts of solar panels were installed in the U.S. throughthe third quarter. The report warns that the outlook for U.S.solar-panel makers and continued growth for the domestic market isuncertain, however.
The report argues that weak solar-power demand in Europe, risingdemand in the U.S. and an oversupply of solar panels have ledmanufacturers to target the U.S. for market expansion. As a result,U.S. solar-panel makers have lost market share to Chinese rivals, thereport finds.
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ReneSola Ltd, together with its subsidiaries, engages in themanufacture and sale of solar wafers and solar power products. Lastmonth the company announced the completion and grid connection of theCompany’s 20 megawatt (“MW”) solar power plant in Wulan County inQinghai, China with the Company providing all 20 MW of solar modules.
JA Solar Holdings sells its products to solar manufacturersworldwide, who assemble and integrate solar cells into modules andsystems that convert sunlight into electricity for residential,commercial, and utility-scale power generation. Last month thecompany announced that it has entered into an agreement withSolarhybrid AG, a Germany-based project developer and generalcontractor for turn-key utility-scale solar power projects, to supply19 MW of solar modules to Solarhybrid’s Allstedt I solar power plantin Halle, Germany.
The Bedford Report provides Market Research focused on equities thatoffer growth opportunities, value, and strong potential return. Westrive to provide the most up-to-date market activities. Weconstantly create research reports and newsletters for our members.
Source The Bedford Report
Tags: china solar, demand uncertainty, grid connection, industry newsletters, ja solar holdings, ja solar holdings co, market expansion, solar, solar cells, solar farms, solar manufacturing, solar modules, solar panel installations, solar power plant, solar power products, solar usa, stock reports, thecompany
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