Renesola - Chinese Solar Panel/Silicon Recycling

Boxing Day view: Shanghai stocks and solar cells set to power ahead



Mr Polunin is targeting solar cell and LED light-bulb companies. "The key to solar energy is that you don't need electricity wires. It's going to cause a revolution in developing countries as the price comes down from 2008 onwards because you can use it anywhere," he said. He expects solar cell use to mimic the lightning spread of mobile phones in places that never had a network of fixed lines. The price of solar cells has fallen from $5 a watt to 60 cents for the latest copper-indium technology, nearing the magic level where it starts to undercut power plants.

Looking good to breach 500p and power ahead to 600 or even 700 very quickly now.