SunSi Energies Inc's (OTC: SSIE) goal is to become one of the world's largest producers of trichlorosilane ("TCS"). The Company plans to achieve this objective by acquiring and developing a portfolio of high-quality, scalable, strategically located TCS production facilities that possess a potential for future growth and expansion. U.S. based SunSi controls approximately 55,000 metric tons of TCS production in China.
SunSi stands to benefit from the announcement that China may be doubling its installations of solar panels this year, which will absorb the excess production that served to depress prices and margins in 2011. In a Bloomberg.com article, Alex Morales and Jacqueline Simmons wrote that acccording to an estimate by Suntech Power Holdings Co. CEO Zhengrong Shi, the nation may add 4 gigawatts or more of panels. Trina Solar Ltd. (TSL) CEO Jifan Gao predicted an addition of 5 gigawatts, which "compares with about 2.2 gigawatts installed in the country in 2011, more than double the capacity of the average nuclear reactor in the U.S."
Speaking through an interpreter during an interview at the World Economic Forum’s annual meeting in Davos, Switzerland, Gao commented that "it’s a huge market. Excellent companies with good technology, balance sheets and also brands will win out. A lot of companies without those advantages will be taken away."
Morales and Simmons noted that "solar shares have rebounded in recent weeks, driven in part by politics in Germany, the world’s largest solar market. After adding a record 7.5 gigawatts of panels last year, more than double the government’s target, lawmakers proposed cutting subsidies. A meeting Jan. 25 ended without an agreement and solar stocks climbed."
