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Solar industry set to shine once again
By Richard Fu |
May 3, 2012, Thursday
|
Online Edition
Online Edition
THE slump in the global solar industry could be over soon as a result of industry consolidation and improving demand, according to JA Solar Holdings Co, the world's leading solar cell maker.
Solar stocks were hit last year as manufacturers, mainly Chinese companies, ramped up production while governments in Germany and Italy, the traditional market, slashed subsidies for new installations.
Cao Min, chief financial officer of Nasdaq-listed JA Solar, said today the bad times may end in the second half of 2012 or the first half of next year.
"You can see that a number of small players have been phased out during the slump, and companies who survive are those with the best technology, costs and capital strength," he said.
Cao was speaking after JA Solar signed a strategic partnership with the Shanghai Institute of Technical Physics of the Chinese Academy of Sciences to improve R&D capabilities.
Solar panel prices are expected to stabilize as a result of tighter inventories and improving demand. While demand in traditional markets has showed improvement, installations in China are also accelerating.
The National Energy Administration said in January China plans to double its solar power capacity by installing 3 gigawatts this year. Industry analysts have predicted even higher installations in China this year.
Solar stocks were hit last year as manufacturers, mainly Chinese companies, ramped up production while governments in Germany and Italy, the traditional market, slashed subsidies for new installations.
Cao Min, chief financial officer of Nasdaq-listed JA Solar, said today the bad times may end in the second half of 2012 or the first half of next year.
"You can see that a number of small players have been phased out during the slump, and companies who survive are those with the best technology, costs and capital strength," he said.
Cao was speaking after JA Solar signed a strategic partnership with the Shanghai Institute of Technical Physics of the Chinese Academy of Sciences to improve R&D capabilities.
Solar panel prices are expected to stabilize as a result of tighter inventories and improving demand. While demand in traditional markets has showed improvement, installations in China are also accelerating.
The National Energy Administration said in January China plans to double its solar power capacity by installing 3 gigawatts this year. Industry analysts have predicted even higher installations in China this year.
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