Chinese Solar Keeps Making Moves
News has been good for China’s big solar manufacturers over the past month. Both companies saw their stocks jump in late 2012 after Warren Buffett invested in solar with a $2 billion-plus purchase of the 579-megawatt Antelope Valley Solar Projects from SunPower Corp. (NASDAQ:SPWR) via MidAmerican Energy Holdings, a holding company controlled by Berkshire Hathaway (NYSE:BRKA)(NYSE:BRKB).
LDK and Suntech also appeared to have front row seats to China’s ever-growing demand for solar power. China’s State Council counselor and Chinese Renewable Energy Society president Shi Dinghuan said China would increase its 2015 solar energy supply goals from 21 gigawatts to 35 gigawatts. Recent bouts with smog were cited as the reason for the increase.
In addition to ramping up the solar goal, the Chinese government will be continuing subsidies for solar projects…