Solar-related stocks on the New York stock market all rose together
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Report by our newspaper (Reporter Yao Di): Driven by the positive news that China will provide substantial subsidies for solar photovoltaic technology, solar-related stocks on the New York stock market rose collectively on Thursday local time. On that day, Wuxi Suntech (STP.N) closed at $11.29 per share, up 43.82% ； Another leading company, Trina Solar (YGE.N), saw its stock rise by 44.82%, reaching $6.01 ； Others such as Trina Solar (TSL.N) saw a rise of 40.76% ； Jiangxi Sunwoda (LDK.N) rose 31.75% ； LinYang New Energy (SOLF.O) rose by 41.74%. It is reported that the “Solar Roof Program” to be implemented by the Ministry of Finance and the Ministry of Housing and Urban-Rural Development not only has low entry requirements, but also offers subsidies that are even higher than those in the United States. According to CICC’s analysis, with the selling price of photovoltaic systems at 34 yuan/Wp and a subsidy of 20 yuan/Wp, this represents 60% of the initial investment cost, which is much higher than the 30% subsidy rate in the United States. Insiders at Suntech Wuhan said that the introduction of this policy is a huge boon for the entire solar photovoltaic industry. Industry experts believe that since over 90% of China’s solar photovoltaic products are exported, the financial crisis has had a significant impact on the industry. The introduction of this policy means that **it is promoting the development of domestic demand.
**Lying again, keep lying then. See until when they’ll provide subsidies? (Printing money?) Germany and Spain – wasn’t it said that they would do so without any hesitation? The future is still uncertain. Last edited by wangqizhi on 2009-4-6 20:48.]
http://www.21cbh.com/HTML/2009-4-6/HTML_P0GHUBG1WDVA.html Please take another look at the report: electricity generation saw negative growth in March, and the development of energy-intensive industries has slowed down. So, who uses the electricity that is generated? Where are the growth points in the market for electricity consumption? The approach that doesn’t take things into consideration is to treat the symptoms rather than the root cause; this is the typical approach we use at present. Moreover, the polysilicon industry itself is also a high-energy-consuming industry.