Market Introduction

Economic Situation:South Africa is the largest producer of electricity in Africa, in the past generally adequate power, electricity cheaper. With the rapid development of the South African economy, the past two years frequently appeared nationwide electricity shortage. In particular, in June 2008, South Africa suffered severe power crisis, the mining industry across the country within a month had been forced to stop production for five days, led to a sharp decline in production in the first quarter. Severe power shortage is a bottleneck restricting economic development in many African countries. In this case, in January 2009 the South African national power company said it would develop solar and wind power in order to cope with the current severe power shortage.
Market Environment:As an important measure of national electricity saving,The South African government last May began actively promoting solar energy in the country, vigorously popularize solar water heaters, solar traffic lights and solar street lamps. To encourage the public to buy solar equipment in South Africa, the South African national power company last May announced a preferential policy: people to buy a solar hot water system, subsidies given by the State Power Corporation will account for 20% of the purchased equipment costs. By this measure, the purchase of a solar hot water system can save about 1,800 rand to 4,900 rand. South Africa will investment exceeding $ 21.5 billion to build the world's solar capital.