28 Jun '11, 3pm

China's PV Industry Expected to Enter into Long-Term Price War

China's PV Industry Expected to Enter into Long-Term Price War

Over the past few years, the huge potential for growth in China's solar energy sector attracted numerous investors from around the world. Lazard Capital expects the size of the industry to reach 2 GW by 2012 and 20 GW by 2020. Moreover, the solar PV industry in China is expected to attract more than $10 billion in private investment, helping the country become one of the world’s major solar equipment markets during the next three years. Europe has been the main end market for the solar energy sector, however China is expected to replace Spain and Germany to become a main growth point. After the recent financial crisis, some European countries have changed their industry policies to reduce their support of the sector, according to industry analyst Jiang Qian. To cite an example, a host of foreign companies invested in China’s solar industry during just a few short days in J...

Full article: http://www.renewableenergyworld.com/rea/news/article/2011...

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