The Haney Group has recently commented on the investment opportunities in Solar Energy Companies, in light of continued Chinese expansion and aggressive acquisition of foreign manufacturers.
The Haney Group a boutique equity research and management firm based in Hong Kong founded by a diverse private wealth consortium of financial professionals, with a combined knowledge of the stock markets, tax legislation, legal compliance and market analysis. Priding themselves in giving the very best service to their institutional investors, high net worth individuals and private investors recently highlighted the solar energy sector in a report to investors.
China continues its record adoption of solar energy in its effort to become less reliant on foreign energy imports and curb pollution. The government backed program called Golden Sun, offers subsidies of up to 70% of the total cost for adopting solar power infrastructure and connecting to the national energy grid. The program has been so successful that China is set to overtake Germany as the world’s largest consumer of solar power.
Massive undertaking in the sector has generated an advantage to manufacturing and management companies who deal in solar energy. From project rollouts in China, to mergers and acquisitions driven by high demand, this sector is becoming more appealing to investors. One such company to benefit is Canadian Solar Inc. Canadian Solar, an Ontario based company with extensive manufacturing presence in China recently rolled out a 30-megawatt project in the city of Suzhou subsidized to the value of $18.9 million.
“Canadian Solar has really been a role model for solar energy companies in China, they have shown the value of being well integrated company from manufacturing to deployment, their recent performance is a great indicator of the future prospects this industry holds. When a company is able to combine all these factors with a long well established presence on the ground it gives rise to the right conditions for excellent growth, I have particularly been monitoring all the recent and potential acquisitions with keen interest ,” announced David Roberts, the Senior Vice President of Mergers and Acquisitions at The Haney Group.
With news of more Solar energy projects being rolled out on an almost monthly basis, demand for all aspects of the industry have been apparent in the number of acquisitions of foreign solar firms. One of China’s largest clean energy providers has in the last twelve months alone, purchased three foreign manufactures of solar panels in an effort to meet Chinese domestic demand, even with local manufacturers increasing their own output.
“With continuing support from the Chinese government in solar energy the prospect of investing in this growing sector is becoming more appealing to an ever growing number of keen investors, China is committed to sourcing more green options for fulfill its expanding energy requirements. Over the last few years we have made a number of recommendations to our clients within this sector that have come to fruition giving exceptional gains, with companies showing signs of 200 to 300 percent increase in value we will be advising our clients of sound investment options to add to their growing successful portfolio’s,” added David Roberts, the Senior Vice President of Mergers and Acquisitions at The Haney Group.
The Haney Group Comments on Golden Sun Solar Energy