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Article: Singapore: Solar cell makers get boost from rising oil prices.
- Article from:
- TendersInfo
- Article date:
- August 18, 2008
CopyrightCOPYRIGHT 2008 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: shankar203
Soaring oil prices may turn out to be a boon for mainland China s growing solar cell industry. A surge in demand for cheap renewable sources of energy, particularly from signatory countries of the Kyoto Protocol, is pushing China s solar cell industry to new growth frontiers.
Makers in the region are optimistic that worldwide initiatives to reduce anthropogenic emissions of greenhouse gases within 2008 to 2012 will increase the uptake for solar cells, panels and downstream products. In a research conducted by JPMorgan, worldwide shipment of solar cell modules is projected to grow at a CAGR of 46.7 percent between 2007 and 2010. The ...