2010-09-02 19:11:33 -
National Clean Fuels, Inc. (PinkSheets:NACF) cheered a report this week from a top investor that China will likely introduce more measures in the coming year to support the development of cleaner energy, boosting shares of solar companies.
Bloomberg News reported that Shi Bo, the general manager of Shanghai Elegant Investment Co., recommends that investors favor shares of Chinese solar companies as that government promotes cleaner sources of energy. According to Bloomberg, Shi oversees about $400 million dollars and his fund outperformed 98 percent of China-domiciled funds in the past year.
“China’s shift away from energy-intensive and polluting industries to a low-carbon economy is one of the key investment opportunities in the next three years,” Shi said. “You have to invest in sectors
that the government is advocating.”
China, the world’s biggest polluter, could spend up to 5 trillion yuan over the next decade developing cleaner alternatives to energy derived from fossil fuels, said Jiang Bing, head of the National Energy Administration’s planning and development department, in July. China is already the global leader in solar technology manufacturing.
National Clean Fuels is poised to capitalize on the explosive growth of solar technology in China. The company is dedicated to implementing profitable development partnerships that advance clean-fuel technologies around the globe. The Chinese solar economy includes companies such as Trina Solar (NYSE: TSL), Suntech Power (NYSE: STP), Yingli Green Energy (NYSE: YGE) and LDK Solar (NYSE: LDK).
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About National Clean Fuels, Inc.
National Clean Fuels, Inc. (NACF) commercializes cutting-edge clean energy technologies. National Clean Fuels, Inc. is an emerging industry player capitalizing on its understanding of clean energy technology and supporting the development of alternative energy plans for corporations and government entities.
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National Clean Fuels, Inc.Maurice Stone, 832-308-1260President
inforequest@natcleanfuels.com : mailto:inforequest@natcleanfuels.com