Released on = May 23, 2007, 4:46 am

Press Release Author = Shushmul Maheshwari

Industry = Energy

Press Release Summary = China, one of the largest producers of greenhouse gases, is
working hard to cut its emission rates. So it's now promoting solar energy powered
solar heaters but cost is still a challenge.

Press Release Body = In the past few years, China has posted an impressive growth in
the production of solar cells. In a span of just 2-3 years (nearly form 2003 to
2005), China fortified its position in the worldwide solar cell production market by
moving from nearly 1.05% to about 7.8%, according to a recent report "China Energy
Sector Analysis" by RNCOS.

The country houses some of the most polluted cities of the world and is likely to
leave US behind as the largest producer of greenhouse gases by the end of this
decade. While the image of 'dirty-dragon' is well deserved for China, Beijing
officials are extremely serious about developing solar power capacity domestically
and becoming a major player in this fast-emerging and pollution-free technology.

Following a recent strategy to foster nationwide use of solar energy, the government
of China is encouraging new constructions (like buildings) and key users of heated
water (like schools, restaurants, hospitals, and swimming pools) to install solar
water heaters.

"It is time for China to scale up use of solar water heaters as the technology has
become mature and cost-effective", said a top official with the NDRC (National
Development Reform Commission), the premier economic planning wing of China, at the
International Solar Thermal Utilization Conference in Jinan in April 2007, reported
Worldwatch Institute on May 8, 2007.

Solar water heaters, with around one in every ten household owning one, have firmed
their place as one of the most commercialized pollution-free energy technologies in
China. In 2006, the solar water heater industry showed a turnover of over US$ 2.5
Billion (around 19.9 Billion Yuan) in China. Consumption of solar power in China
during 2006 accounted for less than 10 MW in the total electricity consumption of
around 2.78 Billion MW. However, by 2010, China believes to produce and consume
around 300 MW of solar energy, nearly equal to Japan's figures last year, the
world's second largest solar energy consumer.

According to the RNCOS report "China Energy Sector Analysis", for energy supply
diversity, China has aimed to cut its reliance on oil and gas that will open-up
opportunities for renewable sources. But price factor will play a crucial role, as
renewables are dearer than coal. Apart from economic benefits, China has rich
deposits of coal. But with the advancement in technology, it's projected that
renewables can become competitive with coal at value front.

The market research report gives a comparative analysis of the share of renewables
and non-renewables in the China energy sector, industry analysis, future outlook,
and overview of key players in the market.

About RNCOS E-Services Pvt Ltd.:

RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of
industry experts who analyze data collected from credible sources. They provide
industry insights and analysis that helps corporations to take timely and accurate
business decision in today\'s globally competitive environment.

For more information visit: http://www.rncos.com/Report/IM501.htm
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Contact Details = RNCOS E-Services Pvt Ltd.
Shushmul Maheshwari
Head of Business Development
29, 1st Floor, Patparganj Industrial Area, Delhi 92
91-11-4214-1229
info@rncos.com