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Solar gear makers climb on Japan’s green ambitions

23 June 2008 | Market Watch: News From Around The Web | Source: reuters.com
Japan is poised to provide subsidies and tax breaks for solar panel makers next year to maintain its hold on the red-hot industry, two officials at its Ministry of Economy, Trade and Industry said. The news drove up shares of makers of solar equipment on Monday on expectations that the measure would further spur demand for green energy.

Japan, the world's top maker of solar cells, is home to solar equipment suppliers such as Ulvac Inc, which jumped 7.8 percent, NPC Inc, which rose 6.2 percent and SES Co Ltd, which rose 15.7 percent.

However, shares of major solar cell and panel makers Sharp Corp and Kyocera Corp remained mostly unchanged, as the two have already said that it would be difficult to expand production beyond previously announced plans even if demand increases.

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