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...China is the world's largest solar panel maker. Its companies, stung by a slowdown in the once-lucrative European market, are moving into Latin America, Africa, the Middle East and southeast Asia, where demand for solar power is rising fast.
Attracted by local incentives to invest in these markets, companies such as JinkoSolar Holding Co Ltd (>> JinkoSolar Holding Co., Ltd.) and Canadian Solar Inc (>> Canadian Solar Inc.) view overseas production as a way around U.S. and European Union tariffs on China-made solar products.
There is a considerable global capacity overhang to work through - some analysts say 10 gigawatts - before demand will exceed installed capacity, meaning a rise in equipment orders will not be felt until 2014 at the earliest.
But new plants will be built in new locations. JinkoSolar, the first Chinese solar panel maker to return to profitability, is building a plant in South Africa to meet local production requirements, company spokesman Sebastian Liu said.
Canadian Solar, which has most of its manufacturing operations in China, is planning to build a 60 megawatt (MW) plant in Indonesia in partnership with a local solar panel maker to take advantage of a new feed-in tariff scheme.
Investment in China itself, after grinding practically to a halt, will also be kick-started by new industry guidelines that set minimum thresholds for capacity installation and energy efficiency.
Beijing requires domestic solar companies to spend at least 3 percent of annual revenue, or no less than 10 million yuan ($1.64 million), on research and development and technical upgrades, which will drive demand for new and better equipment.
"The next solar capital investment cycle ... is likely to begin to occur in late-2014 or early-2015," said Tom Gutierrez, chief executive of GT Advanced Technologies. He identified the Middle East in particular as a potential region of growth.....
IHS forecasts solar capacity in southeast Asia will almost quadruple to 800 megawatts (MW) this year. Capacity in Central and South America will triple to 600 MW, while a threefold jump in the Middle East and Africa could take capacity there to 1 gigawatt.....
..Merrimack, New Hampshire-based GT and Switzerland's Meyer Burger are among the biggest dedicated equipment suppliers to the solar industry which stand to benefit from the new projects.
Other manufacturers include Applied Materials Inc (>> Applied Materials, Inc.), better known as a supplier of chipmaking gear, and Hanergy Solar Group Ltd (>> Hanergy Solar Group Ltd), the Hong Kong-listed arm of a Chinese group that has bought several foreign solar firms.
The combined revenues of GT, Meyer Burger and Applied Materials are expected to rise 23.4 percent in 2014 from their estimated revenues this year, according to SmartEstimates......
www.4-traders.com/CANADIAN-SOLAR-INC-36332/...demand-17375777/
Attracted by local incentives to invest in these markets, companies such as JinkoSolar Holding Co Ltd (>> JinkoSolar Holding Co., Ltd.) and Canadian Solar Inc (>> Canadian Solar Inc.) view overseas production as a way around U.S. and European Union tariffs on China-made solar products.
There is a considerable global capacity overhang to work through - some analysts say 10 gigawatts - before demand will exceed installed capacity, meaning a rise in equipment orders will not be felt until 2014 at the earliest.
But new plants will be built in new locations. JinkoSolar, the first Chinese solar panel maker to return to profitability, is building a plant in South Africa to meet local production requirements, company spokesman Sebastian Liu said.
Canadian Solar, which has most of its manufacturing operations in China, is planning to build a 60 megawatt (MW) plant in Indonesia in partnership with a local solar panel maker to take advantage of a new feed-in tariff scheme.
Investment in China itself, after grinding practically to a halt, will also be kick-started by new industry guidelines that set minimum thresholds for capacity installation and energy efficiency.
Beijing requires domestic solar companies to spend at least 3 percent of annual revenue, or no less than 10 million yuan ($1.64 million), on research and development and technical upgrades, which will drive demand for new and better equipment.
"The next solar capital investment cycle ... is likely to begin to occur in late-2014 or early-2015," said Tom Gutierrez, chief executive of GT Advanced Technologies. He identified the Middle East in particular as a potential region of growth.....
IHS forecasts solar capacity in southeast Asia will almost quadruple to 800 megawatts (MW) this year. Capacity in Central and South America will triple to 600 MW, while a threefold jump in the Middle East and Africa could take capacity there to 1 gigawatt.....
..Merrimack, New Hampshire-based GT and Switzerland's Meyer Burger are among the biggest dedicated equipment suppliers to the solar industry which stand to benefit from the new projects.
Other manufacturers include Applied Materials Inc (>> Applied Materials, Inc.), better known as a supplier of chipmaking gear, and Hanergy Solar Group Ltd (>> Hanergy Solar Group Ltd), the Hong Kong-listed arm of a Chinese group that has bought several foreign solar firms.
The combined revenues of GT, Meyer Burger and Applied Materials are expected to rise 23.4 percent in 2014 from their estimated revenues this year, according to SmartEstimates......
www.4-traders.com/CANADIAN-SOLAR-INC-36332/...demand-17375777/
