Check on China: China Sunergy Co., Ltd.

China is one of the world's fastest-growing but most polluted economies, second only to the United States in harmful greenhouse gas emissions. In the face of record crude prices, its ever-growing demand for energy, and domestic and international pressure to clean up its environmental act, Beijing's plan to reduce foreign oil imports, increase alternative energy production and curb pollution is in full swing.

One company with plans to capitalize on the country's efforts to harness the power of the sun and diversify its energy mix is Nanjing photovoltaic (PV) solar cell maker China Sunergy Co., Ltd. (Nasdaq:CSUN). 

Government officials have pledged to have renewable energy make up a tenth of China's total energy consumption by 2010. And this isn't just political posturing. On the solar front, the country has emerged as a global hotspot for the industry, eclipsing the United States in solar electricity production in 2007 and becoming the second-largest solar cell-producing nation after Japan. Over the past two years, China's PV solar cell production — a process that uses silicon wafers to convert sunlight directly into electricity — has increased more than six fold.
 
Indeed, China's solar energy industry has been on a tear, and it is not difficult to find examples of the national push toward sun power. One need only look at the roof of the newly erected National Indoor Stadium (for the 2008 Olympics) in Beijing that is home to 1,124 solar panels. Look further and one will see panels on roofs, walls, traffic signals and street lights in Rizhao, a coastal city on the Shandong Peninsula in northeastern China, and on new construction in the city of Shenzhen, across the border from Hong Kong, which has mandated that all new buildings 12 stories . . .

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