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2010 and 2011. However, some research reports indicate that after the aforesaid fluctuation which is the major indicator affecting the demand and supply of solar energy industry, the market will stabilise and the prospects for the solar energy industry will gradually become optimistic. According to a recent quarterly report issued by Solarbuzz, a research institute for solar energy, the notable imbalance of supply and demand of the solar energy industry has lasted for more than

18 months, resulting in a significant decrease in price and profit of solar products. Amid the oversupply of global solar energy modules, revenue generated from solar energy modules still fell in spite of persistent growth in sales of solar modules. Since the ratio of sales income to shipment volume, representing the income earned from the shipment per watt, dropped continuously, manufacturers of crystalline silicon modules faced challenges in achieving income growth. The report also indicated that given the strong market demand in the second half of

2012 and the deliberate utilisation rate of production capacity, the leaders of the solar energy market will achieve a higher visibility before formulating the

2013 strategic plan. According to the report, it is estimated that the global demand for solar energy in

2012 will exceed 30GW and the annual growth rate will reach 8%, which is attributed to the strong demand in the fourth quarter of

2012 in the Asian Pacific region, especially in China. The Chinese Government said that photovoltaic power generation and application of solar thermal technology have been the fastest growing renewable energy technologies in the world in the last decade. It clearly stated that such technologies have been designated as major technological development projects in the Twelfth Five-Year Plan, and Special Plan for Solar ........