More than 90 percent of the solar panel products made in China are intended for export.

Now that Japan has no nuclear power for the first time in more than 40 years, Chinese solar producers are eyeing the world’s third-largest economy for new business opportunities.

Even before the Tomari nuclear plant in Hokkaido went offline on May 5 for mandatory routine maintenance — the last of Japan’s 54 reactors — at least five Chinese solar panel manufacturers, including Hebei-based Yingli Green Energy, Jiangsu-based Hareon Solar Technology Co. Ltd. and Shanghai-based Chaori Solar Energy Science & Technology Co. Ltd, had set up offices in Japan since the beginning of this year, state-run news agency Xinhua reports.

The cutoff of all nuclear reactors in Japan “will definitely give the Chinese photovoltaic industry a new opportunity,” Wang Liusheng, an analyst with China Merchants Securities, told Xinhua.

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Source: UPI.com