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He is the head of SHARP solar in middle east and Africa. He was also handling Europe before.. LDK is one of the major suppliers to SHARP ,Japan. Sharp is one of the major players in solar with annual capacity of 1GW. SHARP is located in Osaka and hence not affected by the quake as it is few thousand kms away from the quake area.( For that matter all the solar companies in JAPAN are completely untouched including Sumitomo and Kyocera which are several hundred ams away)
1.SHARP solar is sold out upto 2012. There is no capacity to take new orders for immediate delivery( this means SHARP has placed confirmed orders or entered into contract LDK upto 2012 for their existing orders. Same is the case with other solars. This is where analysts are mis calculating the demand and getting confused with ITaly and Germany)
2. According to this guy the estimated demand in 2011 has gone up from 21GW to 23GW. In their projection Germany is 5GW and Italy is 2GW. They are sold out even with these projections. There is a vast difference between how the manufactures calculate the demand and how the Analysts calculate the demand. The estimated demand in USA is 2.5 GW this year and it is booming.
3. Most of the Chinese can ensure grid parity by next year in many countries as they have the pricing power.
4. Saudi Arabia, UAE and Qatar can be 2 GW plus in 3 to 4 years based on the current plans. Massive demand in Africa.
5. Algeria is going to export solar energy to Europe
6. FIT announcement very soon in Saudi Arabia
7. Italy will announce similar policy like Germany very soon.
Based on my discussions I intend to add to my position on LDK on Monday. None of the analysts have understood the business model of LDK. It is the best pick now compared to any other solar. GCL POLY is valued at $8 billion in Hong Kong . They are going to announce the results on WED after market. You will find that Q4 profits of LDK will be more than GCL poly but with a market cap of silly $1.5 billion because we are listed in the US.
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