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Stock Prices Soar: Chinese Government to Subsidise Solar Power

March 29th, 2009 · No Comments · Main Content

If you're new here, you may want to clipped from www.bloomberg.com

The government will offer this year 20 yuan ($2.93) per
watt for solar projects with generating capacity of at least 50
kilowatts, the Ministry of Finance said in a statement posted
today on its Web site.

“We believe meaningful upside potential exists if
government support for domestic solar sector continues,”
Barclays Plc analyst Vishal Shah wrote in a note to clients.

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