Asian Green Technology Holdings, Ltd. Plans On Investing In Asian Solar Throughout 2011
Online, May 3, 2011 (Newswire.com) - Chinese solar product manufacturer ReneSola improved their Q1 profit margin and generated $328 million in the first quarter with a gross profit margin exceeding 30 percent. RenSola's results are a signal of the strengthening of the entire sector. The company remains cautious about their outlook for the second quarter due to uncertainties in global solar prices, however Asian Green Technology Holdings analysts believe that the market will continue to strengthen throughout 2011.
With the world searching for alternatives to coal and nuclear, solar is at the forefront of available technologies that can be quickly implemented to supply much needed energy to the grids of the world. RenSola is one company that is positioned well to take advantage to the likely increase in demand for solar products, but there are dozens throughout Asia that are in similar positions.
India has pledged unprecedented recourses to solar development, and combined with more slight but still significant, rises in demand from the rest of Asia, the solar industry will be a continually evolving and growing sector for the foreseeable future. Mergers, acquisitions, partnerships and monumental contracts are all in the works, and will be a common occurrence in 2011's renewable energy news.
Whether companies like ReneSola are about to make breakthroughs, or companies like SunBorne and Suntech partner on a 100MW project in India, Asian Green Technology Holdings is watching closely for opportunities to invest in what it perceives as one of the hottest renewable sectors on 2011.
Implementing solar energy into an existing grid is a daunting task that requires many players from the suppliers of silicon and manufacturers of various needed technology, all the way down to the contractors that install the technology and those that run the facility and maintain it day to day. In this mix of companies, there are large multinational corporations, budding ventures, small family run businesses, and just about any other dynamic imaginable. This "solar boom" has presented a unique opportunity for investors to profit at every level, and Asian Green Technology Holdings, Ltd. Believes that the various avenues into Asian Solar all hold promise.
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Tags: asia, asian solar, Boom, China, earnings, emerging market, india, investment, Photovoltaic, profit, renewable energy, rensola, solar, sunborne, suntech