As countries all over the world begin pivoting towards renewable energy sources in order to reduce carbon emissions, more of investors’ attention is being paid to the solar industry.
Some of the biggest bets in this sector are Chinese solar companies.
Why?
One reason: Solar itself is getting cheaper, which could lead to industry growth. Roughly a year and a half ago, photovoltaic panels cost about $3.50 a watt. Today they’re less than $2 a watt, and by sometime in 2012 they’re predicted to be less than $1 a watt.
But why China specifically?
See why investors are going crazy for Chinese solar companies >
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