May 16, 2012 08:20 ET
Saudi Arabia Announces $109 Billion Solar Plan
Five Star Equities Provides Stock Research on Trina Solar and JA Solar
http://www.marketwire.com/press-rel....plan-nyse-tsl-1657916.htm NEW YORK, NY--(Marketwire - May 16, 2012) - Solar stocks could get a boost as Saudi Arabia has announced a $109 billion plan to create a solar industry that will generate a third of the nation's electricity within two decades. The Saudi Arabian Market would provide significant opportunities for the Solar Industry. Five Star Equities examines the outlook for companies in the Solar Industry and provides equity research on Trina Solar Limited (NYSE: TSL) and JA Solar Holdings Co., Ltd. (NASDAQ: JASO).
Access to the full company reports can be found at:
www.FiveStarEquities.com/TSL
www.FiveStarEquities.com/JASO
"We are not only looking for building solar plants," Maher al-Odan, a consultant at the King Abdullah City for Atomic and Renewable Energy, said in a recent interview. "We want to run a sustainable solar energy sector that will become a driver for domestic energy for years to come." Saudi Arabia, the world's largest oil exporter, hopes to have 41,000 megawatts of solar capacity by 2032 said al-Odan. According to Bloomberg New Energy Finance the nation trails Egypt, Morocco, Tunisia, Algeria, and the United Arab Emirates with only 3 megawatts of solar installations. |