Chinese Photovoltaic Solar Energy Manufacturers Target U.S. as European Operations Slow

According to a recent study by GTM Research and the Solar Energy Industries Association, U.S. solar-panel installations in 2011 topped previous years, due primarily to large solar farms, as more than 1,000 megawatts of solar panels were installed in the U.S. through the third quarter. The report warns that the outlook for U.S. solar-panel makers and continued growth for the domestic market is uncertain, however.

The report argues that weak solar-power demand in Europe, rising demand in the U.S. and an oversupply of solar panels have led manufacturers to target the U.S. for market expansion. As a result, U.S. solar-panel makers have lost market share to Chinese rivals, the report finds.

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ReneSola Ltd, together with its subsidiaries, engages in the manufacture and sale of solar wafers and solar power products. Last month the company announced the completion and grid connection of the Company’s 20 megawatt ("MW") solar power plant in Wulan County in Qinghai, China with the Company providing all 20 MW of solar modules.

JA Solar Holdings sells its products to solar manufacturers worldwide, who assemble and integrate solar cells into modules and systems that convert sunlight into electricity for residential, commercial, and utility-scale power generation. Last month the company announced that it has entered into an agreement with Solarhybrid AG, a Germany-based project developer and general contractor for turn-key utility-scale solar power projects, to supply 19 MW of solar modules to Solarhybrid’s Allstedt I solar power plant in Halle, Germany.

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