Jul 6, 2015 14:30 CEST by Tsvetomira Tsanova
Monday July 6, 2015 by Alexander Winifred
One Chinese solar company has been allowed to build a factory locally. JinkoSolar Holding Co Ltd (NYSE:JKS) in May started production at its facility for solar cells and modules in Penang. The plant is expected to reach full capacity of 500 MW of cells and 450 MW of modules per year within two months.
"Jinko has promised to produce its solar cells here," said Ali.
The solar industry offers job opportunities for Malaysians. Jinko, for example, has said it will employ up to 1,200 local workers in its facility.
Very good news for JKS. Not so good news for other PV companies whose applications were declined by the Malaysian government.
The Malaysian policy is very simple: If your PV company produces / manufactures PV Cells in Malaysia, your application will get approved.
If your PV company does not manufacture PV Cells in Malaysia and has to import Cells from China, Taiwan, etc., your application will get declined.
The Malaysian government implements this new policy to avoid running into troubles with the US/EU and she wants to make sure she can retain its tariff-free status to the US and EU countries for many years to come. Good move, Malaysia.
Search for full articles in google:
Malaysia will not be transshipment hub for Chinese PV products
M’sia says no to China firms in bid to protect solar industry
I thought the market had figured out there is no correlation between the price of oil and demand for solar. But today's 5% move down in the TAN because of oil's decline is bringing back memories of what happened to solar stocks when oil began to go down last year. It's one of those mindless algorithmic trades that occur when the machines take over.
Not short sighted, just realistic. Closed at 26.47 today. Don't be greedy with solar stocks, they move up and down usually inexplicably. Unfortunately they are NOT buy and hold, long term investments.
NOT A CHANCE....Hope in one hand and poop in the other and watch which one will fill up quicker.
This is the time SEC has to look into this share price manipulation and take care of thngs. but they are with the
so called wealthy investors who has all the free money and disrupt the market. So they have all the support from the SEC and their counterparts.
I had it for years with us refineries. In the end the market will realize that these guys are unbeatable. Jinko is a cost leader, it has manufucturing capacity out of china as well, so they deal with tariffs easily. And they have the chinese market, which is about to grow a lot.
there are people out there who is watching you guys. there's a limit for everything what you guys do. you've the free money from the govt. and we don't . You have the power, we don't . you are organized and we are not.
but..... like i said there's a limit to everything..
They find some sort of excuse to bring down solars especially china solars, Greek, Canada tariffs, all sort of game stories at the moment to deprive them of their share in the market with the end result that share prices
nosedive to accomodate for their loved ones in the market which are sitting at multi year highs and still going up with no end in sight and no basis for valuation. this is dangerous for the market and individual investors and their hard earned money invested in the market is taken away by these crooks
nobody really wants to "fix THE Greece Issue" cause when ever "THEY" need a Major Market Correction, it's Oh No, Greece is falling off that cliff again! This IS JMO, gallen
What about SATCQ sat con. Been holding for a long time. Waiting for the big killing.