Seeking Alpha

Chinese solar manufacturers react favorably to Beijing's introduction of "reformed methods" to...

Chinese solar manufacturers react favorably to Beijing's introduction of "reformed methods" to support them. The methods include easier financing, electricity subsidies, and a requirement that utilities buy all the electricity solar plants create. The government has also reiterated its call for industry consolidation. In addition to Canadian Solar (CSIQ +10% - previous), winners include LDK (LDK +8.8%), Yingli (YGE +11.8%), Daqo (DQ +17%), Trina (TSL +7.4%), and JinkoSolar (JKS +8%). Yingli just struck a deal to help develop 3GW worth of solar plants in Southern China by 2016.
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