JA Solar Exec Sees Solar Demand Rebound in 2010
JA Solar Holdings Co Ltd (JASO.O) expects demand for solar power parts to rebound in 2010, a company executive said on Tuesday. Global demand could reach as much as nine gigawatts, Ming Yang, JA Solar's vice president of business development, said at a conference hosted by Needham & Co in New York that was monitored by webcast.
"That market should grow at about a 30 percent per year clip over the next two to three years," he said.
Demand for solar power products has picked up after a difficult 2009, when the global credit crisis dried up financing for new projects and panel prices plummeted.
JA Solar, one of the sector's lower-cost producers of silicon cells that help convert sunlight into electricity, and other Chinese solar players such as Trina Solar Ltd (TSL.N) have seized on the rising demand. Several plan to boost production capacity in 2010.
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