Asian Solar Energy Sector: Powered by Subsidies and Moving Downstream

What's Original?

This insight is an in-depth research on the Asian solar energy industry, covering the value chain and related companies in each key stage of the value chain. Our research includes the following:

• Industry Background: This includes an in-depth analysis on the solar energy sector, which includes an overview on the key types of solar technologies (Photovoltaic-PV, Concentrated Solar Power-CSP and Solar Heating and Cooling- SHC), and the leading Asian countries (India, Japan and China) in the sector. We provide our thoughts on which solar technology looks promising and compare the technology used across the leading Asian countries.
• Value Chain Analysis: We detail the value chain for PV, highlighting the critical stages of the value chain (system integration assembly and installation, and manufacturing of cells, modules, polysilicon ingot, and wafer) and the leading players in those stages (includes listed and unlisted companies).
• Background Analysis on Key Players- This includes researching the key Asian listed/unlisted solar energy companies and analysing the key contributing factor/product to each of them in the sector.
• Investment opportunities and risk – We compare and contrast the investment opportunities for each of the key players in the sector, to understand if the companies follow a similar strategy or otherwise.
• Analysis on the key revenue and margin drivers– We compare and contrast the key revenue growth and profitability drivers for the listed companies. We have also provided a short investment thesis on the key listed players and looked at their valuation.