Results
were
also
adversely
affected
by
lower
selling
prices
and
gross
margins
in
the
solar
heater
division,
says
Deli
Wu,
chief
executive
of
China
Solar
&
Clean
Energy
Solutions
(CSOL).
Based
in
Beijing,
CSOL
had
$2.5m
net
income
in
2007.
It
is
a
leading
manufacturer
and
distributor
of
solar
hot
water
and
space
heating
devices
in
China,
and
also
builds
small
boilers
and
stoves
that
operate
with
biomass
fuel.
Wu
notes
that
the
Chinese
government’s
initiatives
to
expand
availability
and
access
to
electricity
in
rural
China
will
create
``substantially
higher
demand
for
our…
