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Follow on Google News | Financial Soultions: Major European solar energy firm in negotiations with possible Chinese partner.Giant partnerships in the alternative and green energy sector indicative of industry growth explosion.
"Asia has huge growth prospects because so far it is so underpenetrated," Phoenix Solar who also felt the pinch when demand for solar products slumped as financing for new projects dropped off due to the global financial crisis is now poised to capitalize on new opportunities in growth markets such as France and Greece, which are seeing an increase in demand due to healthy government subsidies for renewable energy programs. The firms home nation is widely seen to be about to announce severe cuts in solar subsidies in 2010, Financial Soultions believes. Global investment bank, Goldman Sachs say they expect the solar sector in France to see an increase in demand of around 125% for 2009 after more than doubling last year, with Greece similarly expected to see growth of 400% after huge growth of 900% in 2008, Financial Soultions has learned. # # # Financial Soultions is a Boutique Investment Advisory Firm with very selective Corporate, Private and Institutional Clientèle who enjoy above average returns and service. End
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