Solar business heads to Oregon

Uni-Chem is among the foreign companies discovering Oregon’s potential as a solar hub.

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In addition to South Korean company Uni-Chem, solar firms based in Germany and Japan have also expressed interest in moving to Oregon.

These companies have caught the scent of a monumental market opportunity. Solar industry experts say the United States is poised to become the world’s largest market for photovoltaic panels. That prediction is backed up by a stack of federal, state and local incentives to encourage Americans to install solar panels on their rooftops, and by the growing list of states, including Oregon, requiring utilities to obtain a certain percentage of their power from renewable energy sources, such as solar.

Producers are following the market, said Shyam Mehta, senior analyst at GTM Research, an affiliate of Greentech Media, an online media company based in Cambridge, Mass.

Read the full story at the Mail Tribune.

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