United Nations Environment Program: China 95% of photovoltaic products for the export market

By the global financial and economic crisis in a serious impact, worldwide investment in clean energy projects are still maintained a growth momentum, largely thanks to China and other emerging economies of wind, solar, biofuels and other sustainable energy projects into the continued expansion of China's investment in renewable energy projects of up to 15.6 billion U.S. dollars, ranking first in the Asia-Pacific region.

According to the United Nations web site reported, the report said China has become Asia's "giant green economy", leading the trend of investment in new energy sources. China in 2008, investment in green energy more than 15.6 billion U.S. dollars, more than 18 percent up in 2007, of which the investment is still the most active wind power and biofuels projects. At present, China has become the world's second largest wind to market. China is the world's largest manufacturer of solar photovoltaic products.

In the solar field, China has become the world's largest manufacturing base of solar photovoltaic products, of which 95% of production for the export market. But the report also pointed out that as a result of the global financial crisis had led to shrinking overseas markets, a considerable portion of China's solar photovoltaic products manufacturer will have to postpone or cancel plans to increase production.

The report predicts that wind energy as the most mature and reliable renewable energy in 2009 will continue to maintain an advantageous position to attract investment. In addition, as the silicon solar equipment prices continued to drop, solar energy project financing in 2009 will increase 71 percent, more investors are welcome.

Source: windosi.com Jun. 8, 2009