DB also points out that while some companies are exploring the U.S as a potential locale for module capacity expansions, “most indicated that Asian countries were more likely sites.”
TAN and KWT both include a heavy tilt toward Asian solar companies. TAN includes a 28.4% position in China and 14.2% in Hong Kong. KWT allocates 34.7% to China and 15.5% to Taiwan.
Looking ahead, solar is expected to be the world’s largest single source of energy by 20150, according to the International Energy Agency. Currently, solar energy only accounts for just a fraction of one percent of total global electricity generation. [Solar ETFs: A Long-Term Energy Play]
Guggenheim Solar ETF
For more information on the solar panel industry, visit our solar category.
Max Chen contributed to this article.