China marks its presence at World Future Energy Summit in Abu Dhabi
More than 40 world leading renewable energy companies from China have confirmed their participation in the World Future Energy Summit which is now in its third year and will be held from 18-21 January 2010, in Abu Dhabi, with a particularly strong level of participation from the solar energy sector. The Chinese pavilion has already grown to more than 1,000 square meters
Leading companies and organisations from all across China, from Beijing, Shanghai, and Changzhou, to Wuxi, Ningbo, and Hangzhou will be participating in the World Future Energy Summit. Some of China’s leading companies are taking part in the Summit including Suntech Power, Yingli Green Energy Holding, and China Sunergy, among other international leaders.
There is a particularly strong presence of companies from Jiangsu Province, where solar power is a pillar of the economy. Suntech and China Sunergy are both located in Jiangsu. Approximately half of the Chinese companies participating are from Jiangsu province.
Dr. Zhengrong Shi, Suntech’s Chairman and CEO, will take part in a discussion on International Policy and Climate Change Action Plans during the summit in Abu Dhabi in January. Suntech, a NYSE listed company with a market capitalisation of close to $3 billion, is the world’s largest producer of crystalline silicon solar panels and has delivered solar energy products to more than 80 countries over the past eight years.
The China Greentech Report1, recently issued by the China Greentech Initiative, a partnership of more than 80 of the world’s leading companies and organizations, projects that the investment by the Chinese government in its “greentech” industry will drive private sector investment that could create a national market worth up to US$1 trillion annually.
Such significant investment and government commitment has led to China playing a significant role in the exhibition at the World Future Energy Summit. The summit will provide a platform for Chinese leaders in renewable energy to collaborate with counterparts from across the globe to drive forward solutions to the energy challenges the world is facing.
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