China Greentech industry potentially worth USD 1 trillionWednesday, 6 January 2010 China's green energy market will be worth over US$1 trillion annually according to a report by the China Greentech Initiative. Their report projects that after investment by the Chinese government in the sector - large inflows of private investment will follow. This report was compiled by the China Greentech Initiative that is a partnership of 80 of the world's leading companies and organisations.
Dr Zhengrong Shi is Chairman and CEO of Suntech who are part of the initiative. He is also regarded by some as "China's richest man" and will be leading the Chinese representation at the World Future Energy Summit in January 2010 where over 40 leading Chinese cleantech companies will be represented.
Suntech, a NYSE listed company with a market capitalisation of close to $3 billion, is the world’s largest producer of crystalline silicon solar panels and has delivered solar energy products to more than 80 countries over the past eight years. Suntech, with approximately half of the Chinese companies participating at the event, is from the green energy hotspot of Jiangsu province. The World Future Energy Summit which is now in its third year and will be held from 18-21 January 2010, in Abu Dhabi, is set to have a particularly strong level of participation from the solar energy sector. More on Chinese Trends and Opportunities in 2010 or take a wider look across the world's markets and sectors.
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