03-15-2014, 11:55 PM
Project development growth has the potential to increase valuations for China solar companies in our coverage. As investor interest rises in solar project assets in China, companies like Trina Solar (TSL), JinkoSolar (JKS), Canadian Solar (CSIQ), JA Solar (JASO), and Yingli Green Energy (YGE) should be able to finance construction costs and sell projects more readily, and/or eventually transfer projects into growth IPPs.
For example, any demand downturn this year in the United States, arising from the current investigation by the US International Trade Commission against China and Taiwan, may prompt the Chinese government to increase domestic demand, in order to absorb excess supply from its local manufacturers and enable them to maintain high factory utilization rates.
Development of the 1.1GW PV plant was announced by Singyes in December last year, as part of a broader deal with the Minqin County government to establish an environmental industry and clean energy development zone, including a solar R&D base. This 300MW first phase of the solar power plant is expected to be completed by the end of 2014, and have an average annual power generating output of 480 million kWh. The overall project has a planned construction period of five years. According to the Wall Street Journal, Goldman Sachs added the stock to its “conviction buy” list last week, describing the solar-power products maker as “well-positioned” to benefit from growing demand for its products in mainland China.
1,100 MW Solar PV Project Now Under Construction In China | CleanTechnica