LDK Solar (LDK) Leads Solar Push by Chinese Companies (JASO, TSL, STP): iSuppli
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Chinese solar companies are set to lead the way in the expansion of solar cells and module manufacturing in 2010, as seven of the 10 biggest gainers in the industry come from China, according to research firm iSuppli.
The report shows that Chinese companies are expected to expand their total photovoltaic cell and module manufacturing by 6.4 Gigawatts this year, marking 71.8 percent of the total expected from the Top 10 companies.
“While European countries like Germany are leading the world in solar installations, China has built a dominant position in the manufacturing of cells and modules that are used in these systems,” said Greg Sheppard, chief research officer for iSuppli. “With Chinese cell and module manufacturers now engaged in a race to expand manufacturing, the country is certain to maintain and expand its dominant position.”
The Chinese companies in the Top 10 include LDK Solar Co. (NYSE: LDK), JA Solar Co. (NASDAQ: JASO), Trina Solar LTD. (NYSE: TSL), Suntech Power Holdings Co. (NYSE: STP), Yingli Green Energy Hold. Co. Ltd (NYSE: YGE), JinkoSolar Co. (NYSE: JKS).
The largest expansion is being undertaken by LDK which will add a total of 1.42GW in 2010.
“LDK is adding enormous amounts of capacity as it tries to keep pace with fellow Chinese solar suppliers,” Sheppard observed.
In early market movement on Thursday, shares of Solar companies are up across the board.
The report shows that Chinese companies are expected to expand their total photovoltaic cell and module manufacturing by 6.4 Gigawatts this year, marking 71.8 percent of the total expected from the Top 10 companies.
“While European countries like Germany are leading the world in solar installations, China has built a dominant position in the manufacturing of cells and modules that are used in these systems,” said Greg Sheppard, chief research officer for iSuppli. “With Chinese cell and module manufacturers now engaged in a race to expand manufacturing, the country is certain to maintain and expand its dominant position.”
The Chinese companies in the Top 10 include LDK Solar Co. (NYSE: LDK), JA Solar Co. (NASDAQ: JASO), Trina Solar LTD. (NYSE: TSL), Suntech Power Holdings Co. (NYSE: STP), Yingli Green Energy Hold. Co. Ltd (NYSE: YGE), JinkoSolar Co. (NYSE: JKS).
The largest expansion is being undertaken by LDK which will add a total of 1.42GW in 2010.
“LDK is adding enormous amounts of capacity as it tries to keep pace with fellow Chinese solar suppliers,” Sheppard observed.
In early market movement on Thursday, shares of Solar companies are up across the board.
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