Also helping solar returns (just look at the performance of the MAC Global Solar Index ETF above) are:
The CEOs of Suntech Power (STP) and Trina Solar (TSL) recently told the press that China will grow to as big as 4 to 5 gigawatts this year -- recent Wall Street estimates forecast the same growth -- meaning China might be the largest market globally for solar in 2012.Remember Chinese solar companies revised guidance lower throughout 2011 after beginning the year with some heady expectations. Chinese government support for solar demand has lagged its manufacturing support historically, but that might be about to change. Responsible for creating the current glut in the sector through its generous lending to solar manufacturers, China should start absorbing more of solar supply if it wants its solar manufacturing sector to thrive, and right now, simply survive with slim margins.
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