Solar Power Favored After Nuclear Leakage in Japan

The nuclear situation in Japan has now triggered significant gains in the solar and wind energy sectors on China's secondary stock market.

Industry insiders say the global development of nuclear power will not change significantly, but note that some countries are likely re-evaluate the safety of their nuclear power plants.

As a result, energy policies may tilt toward fields including photovoltaic, wind power and other renewable energies.

Zou Hui, an analyst for Orient Securities, says that among the alternative non-fossil energies, PV, or photovoltaic, is the most secure and environmentally friendly.

Datong Securities Analyst Yu Hong contends PV power generation will be an attractive alternative to nuclear power for Japan.

The country is currently facing a gap of tens of millions of kilowatts because of the shutdown of the nuclear power plants.