Solar energy giant in China

[jpak]

http://www.chinadaily.com.cn/bizchina/2007-05/23/content_878724.htm

Germany-based Conergy AG, a leading solar energy company in Europe, is looking to tap China's nascent renewable energy market as the nation charts out an ambitious plan for clean energy.

Along with its flagship company SunTechnics, also a renewable energy solutions provider, Conergy launched its China business office on Monday in Shanghai, which will act as the "focal point" for its activities to develop the market in China.

The company estimates that by 2015, renewable energy will evolve into a market of over $300 billion across the world, with much of it coming from China as the country needs more energy supplies to support its breakneck economic growth.

The combination of policies and energy trends point to an increasing demand for renewable energy solutions and business potential for Conergy Group in China, said Vedat Guergeli, managing director of Conergy Asia-Pacific operations.

<more>