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

Solar-CollageNow 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