A renewed effort by Trina Solar to raise capital and the decision by Guangzhou-based Evergrande Real Estate Group to invest in solar plant development both bode well for the industry in China, Young reports.
“Both of these developments are generally positive for the solar sector, reflecting growing momentum for a new wave of solar plant building in China as Beijing offers strong incentives to encourage such construction,” he writes. The market response to the Trina offering showed that investors “are more confident of the company’s and the sector’s future prospects,” while “Evergrande’s decision to enter the space could mark the start of a new trend that may see more third-party developers join the movement from the real estate and other sectors, where growth is stalling.”
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