Suntech (STP): China Preparing Launch Of Feed In Tariffs For Utility Scale Solar Plants

In comments made following earnings late last week, Suntech CEO Zhengrong Shi indicated that the Chinese government may soon roll out its largest solar subsidy program yet, which would send the China solars on another flight higher.  He predicts that a feed in tariff program for utility scale solar plants would provide .16 – .22 kWh and be in place by the end of this year, requiring utilities to buy solar power at a premium price and higher than conventional electricity.  The program would spur solar development much faster than the existing roof top subsidies and Golden Sun program, ramping up the solar market another 100 – 200MW.  Stay tuned.

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