01-15-2016, 01:21 AM
Let us recapitulate why we just bought JKS:
- It's the market leader in China
- China has just committed to the Paris climate deal
- China has a terrible pollution problem in many of its cities
- Solar energy is only getting cheaper, so does energy storage, and combined this seems to be the future of electricity generation
Where we can be wrong:
- Solar stalls because of cheap alternatives (natural gas)
- Overcapacity develops in the solar industry, leading to falling prices, margins, write-offs and even rationalizations.
The latter especially is an always present danger, but as of now, there are little signs of this developing.