The Reuters summit “China suntech says global solar panels to improve market demand
Los Angeles (Reuters) – September 8 – China’s Suntech solar Power Co., LTD. (Suntech Power) (STP. N: prices) chief strategy officer said on Tuesday, Steven Chan in Germany, the biggest solar markets, August global demand for solar energy appeared obviously improved.
The saying, this improvement can make suntech more believe in 2009. Last month, suntech delivery target in the second year cut 2009 solar battery shipments guesstimation.
In the global environment and Reuters Chan alternative energy summit said: “about a month ago, the market is inferior, but we can expect from the start, the main market warmed last month by the German is driven. Now suntech and other companies are very busy, issued to the customer in the best possible. This year, more products may keep most of the time.”
Suntech on Tuesday and $15.90 7.07% rose.
As with other solar energy company, new renewable energy project financing difficulties make suntech. Lack of funds, and Spain withdraw the incentive policies of solar energy industry and market oversupply price controls.
In this context, Germany Conergy solar companies CGYG (j) and Solarworld DE: market SWVG (j) recently said DE: market against Chinese manufacturer of German trade than panels, solar industry association. Germany is about Chinese solar panel manufacturers of dumping charges.
Chan said: “we have dumping.” he pointed to the second quarter MAO in the third quarter, profit or 19% generally remain at this level.
Chan said, suntech is promising in the United States and China’s growth potential energy market.
He pointed out that China will next solar markets or from this year’s 100 megawatts (MW) rose from government, part 400MW on clean energy, this plan new stimulus plan for Chinese enterprises and other tak of contract.
Chan said to the United States, suntech will play its biggest market, perhaps in 2012. He expects the market before next year will increase after .