China Solar Energy Industry Research and Forecast, 2008-2010 Available Now

DUBLIN, Ireland--(Business Wire)--Research and Markets
(http://www.researchandmarkets.com/reports/c78628) has announced the
addition of "China Solar Energy Industry Research and Forecast,
2008-2010 (Executive Summary)" to their offering.

Solar is one of the fastest growing energy technologies in the
global economy and in the cleantech universe. When compared with other
energies like coal and petroleum, solar energy is infinite and
inexhaustible. It is also a type of clean energy that causes no
environmental pollution. Therefore, it will have an immeasurable
impact on the future of human race.

Some highlights:

Solar energy output is expected to increace by 30% or greater
annually between now and 2010. Annual before tax profit margins are
expected to average 19%.

Commercial development of solar energy has become a worldwide
trend: The European Union, Japan and the United States have focused
their energy supply security on the development of renewable energy
resources such as solar energy. It is estimated that by 2030 solar
energy-generated power will account for over ten percent of total
global power supply, and that figure will rise to twenty percent in
2050. Photovoltaic energy production connected to the grid is the
major means for large-scale and commercial use of solar energy.

China is expected to emerge as one of the greatest solar energy
production bases in the world after 2008. Certain fundamental
conditions are already in place in China for the large scale
development and exploitation of solar energy. These conditions include
China's huge potential domestic market and solid resource foundation.
China's solar energy industry has already taken shape, and progress
has been made in technological development and innovation.

Given the recurrent oil and coal price spikes as well as the power
shortages nationwide, energy, and energy uncertainty, is increasingly
having a bottleneck effect on China's economy. This brings new
opportunities for the development of solar energy. In the near future
the cost of electricity from solar generation will come close to or
even become lower than that of power generation by coal. This will
make it practical for China to conduct vigorous development of solar
energy. China's solar energy industry, having been nurtured in the
domestic market for over ten years, is fully launched by now, and it
has built momentum for rapid development in the future.

China is the biggest solar water heater producer and consumer in
the world. Both her output and consumption of solar water heaters
account for over a half of the world total. Research shows that 58.52%
of Chinese households have the intention of either buying solar water
heaters or replacing their gas/electric heaters with solar ones within
the next five years. It is estimated that, by 2010, with 70 million
square meters more of solar water heaters to be installed before then,
the overall area of solar water heaters installed in China will reach
100 million square meters, amounting to a market capacity of 60
billion RMB. The annual growth rate in the coming years will be
maintained at 20 to 30 percent, which means that solar energy industry
in China will become a genuine green "gold mine". If one quarter of
the Chinese population uses solar water heaters, China's solar energy
market in 2020 will be projected to reach 270 million square meters.
And this is the target the Chinese government is working towards.
Currently, the sales volume of solar water heaters in China is ten
times than Europe's. Whether it is measured in terms of output or
number of solar water heaters sold domestically, China ranks No.1 in
the world. Solar water heaters are also being applied and adapted to a
wider range of uses and purposes in China, further suggesting that
solar energy has a very bright future there.

At present, there are about 28,000 villages in China. This
represents 7 million households and 30 million rural people that have
not yet had access to electricity. 60% of the counties that have
access still suffere from a severe shortage of electricity. Most of
these areas without power are rich in solar energy resources. They
offer a huge market potential for photovoltaic energy production. As
such, the Chinese government plans to exploit the rich photovoltaic
energy and provide electricity for remote areas before 2010. Since
2005, China has begun large-scale construction of desert power plants
and rooftop photovoltaic systems connected to the grid. The market
share of photovoltaic energy is expected to grow from 4 percent in
2003 to 20 percent in 2010 and to 60 percent in 2020. Most solar
energy enterprises pursue the mode of photovoltaic electricity
generation, which is one of the fastest growing industries in the
world. It is also the industry that generates the greatest profits
among all renewable resource industries.

In solar cell industry, currently, China's solar energy industry
has already developed a power generation capacity of 15 MW. Meanwhile,
a solid foundation has also been laid for the photovoltaic electricity
generation industry. Though the cost of photovoltaic generated
electricity is still higher than coal-generated electricity, it is
nevertheless an advantage in remote areas. As it does not incur the
cost of maiuntaining power lines in these areas, small solar energy
generators are comparably cheaper and more applicable. Herein lies the
reason for both the popularity and prosperity of solar cell industry
in recent years.

Be it the photovoltaic industry or the solar water heater
industry, the future trend will be the development of the techniques
for integrating solar energy utilization with construction.

Solar energy power generation industry is free from the worries
involved in sales. The world solar energy market is obviously a
seller's market, where demand is vastly exceeds supply. It is reported
that major Chinese solar energy enterprises including Taiwan's Motech,
Wuxi's Suntech Power, Yingli Green Energy and Sunoasis from Xinjiang
Uigur Autonomous Region have been running at full capacity, receiving
orders that have to be put off well into the future.

Conclusions:

In Beijing 2008 Olympics, there will be solar panels to help light
the Olympic grounds! Green is the future!

"China's solar energy industry research and forecast: 2008 to
2010" is your best and most detailed guide to understanding this
future. It is a prerequisite to making wise investments in China's
solar future.

An English version is available but please allow 3 business days
for report translation

For more information, visit
here

Research and Markets
Laura Wood, press@researchandmarkets.com
fax: +353 1 4100 980

Copyright Business Wire 2008