HOUSTON, USA: National Clean Fuels (PinkSheets: NACF) announced the acquisition of China National Solar, a company focused on the explosive growth of solar technology and manufacturing in China. The company expects China National Solar to give it a rapidly growing platform into the fastest growing clean energy market in the world.
China's journey to the future is powered by alternative energy. China National Solar is positioned to take advantage of the vast financial opportunities being created in this immense new marketplace. Beijing’s 2011 to 2020 Alternative Energy Plan involves 5 trillion Yuan ($736 Billion) of investment in new energy sectors.
Much like the 4 trillion Yuan stimulus package of 2008 which carried China through the global financial crisis, the new energy plan is expected to generate an assured market for solar, wind, nuclear and biomass energy companies globally. Most solar panels installed in the US are built in China already.
China National Solar will concentrate its efforts on implementing profitable development partnerships that advance Chinese solar technologies. The Company will focus on acting as a consultant to growing Chinese solar technology companies as they expand manufacturing and distribution worldwide. The new division is initially focusing its activities in Shanghai, Changsha, Beijing, Zhengzhou, Guangzhou and also Dezhou – which is home to the country’s mammoth new “Solar Valley” project.
China National Solar will be dedicated to capitalizing on financial opportunities from the emergence of China as a world class powerhouse in solar technology and manufacturing. The Chinese solar economy includes companies such as Trina Solar, Suntech Power, Yingli Green Energy and LDK Solar.
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