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PV module shipment surges on sped-up PV power station construction

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2014-12-01 GMT+8:00

BEIJING, Dec. 1 (Xinhua) - China's sped-up PV power station construction as the year-end approaches has pushed up module shipment.

Statistics from the National Energy Administration (NEA) showed that only 3.4GW PV power capacity was newly connected to power grids in the first three quarters this year, falling far short of the 12GW annual target set previously.

Industry observers note that many PV power projects got approvals for construction after this September and that has caused the construction wave in the last quarter.

Leading module makers such as Trina Solar (TSL.NYSE), JA Solar (JASO.NASDAQ), Canadian Solar (CSIQ.NASDAQ), Yingli Green Energy (YGE.NYSE) and Suntech are thus running at full capacities and had orders waiting for the next year.

The construction wave is also likely to benefit companies such as TBEA (600089.SH), Risen Energy (300118.SZ) and CSG Holding (000012.SZ), according to domestic securities brokers. (Edited by Niu Huizhe, niuhuizhe@xinhua.org)

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