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Canadian Solars shipments to Japan almost doubled from the first quarter as the country shifts to renewable energy after closing nuclear power plants. Japan and China will be the top two solar markets this year, according to Stefan Linder, a New York-based analyst with Bloomberg New Energy Finance.
In 2013, Asia should make up about half of global solar demand, up from just a quarter last year, Linder said in an e-mail. Chinese manufacturers are still suffering with global oversupply, but the government is looking to create domestic demand to help soak up some of that excess capacity.
