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Solar Stocks Rally on German Installs, China Doubling Solar
Solar Stocks Rally on German Installs...The Bloomberg Global Leaders Solar Index (BLGS) of 37 companies rose 7.2 percent to $47.93 at the close in New York, its third straight day of gains, led by Energy Conversion Devices Inc.’s 39 percent increase and Hanwha SolarOne Co. (HSOL), which gained 37 percent. The index has climbed 16 percent this year after falling 59 percent in 2011.
...“I’m pretty bullish on demand in 2012,” Chew said today in an interview. “If pricing remains the same, I see 30 gigawatts this year and 40 gigawatts next year” of new solar installations worldwide.
China Doubling Solar
The head of China’s National Energy Administration Liu Tienan said yesterday the country plans to double the amount of solar capacity in operation by installing 3 gigawatts this year.
The final number may be even higher, Chew predicted. “I think China does north of 5 gigawatts this year with some people saying it will reach close to 7.”
....
http://www.bloomberg.com/news/2012-01-11/solar-stocks-rally-on-german-installs-chinese-plans-to-double.html
