Solar energy stock market has gained more than 20 percent since China lifted restrictions on its foreign investors, with the Dow Jones Industrial Average rising more than 200 points, to 16,087.
Solar energy has been booming in recent years, as the United States has become increasingly reliant on cheap, homegrown solar panels.
Solar power accounted for roughly 7 percent of U.S. electricity in 2015, according to data from the Solar Energy Industries Association, and about 17 percent in 2016, according the Solar Foundation.
China’s restrictions have been lifted, but the country is still restricting foreign investments, as foreign investors are barred from buying into solar projects or buying solar panels themselves.
China is home to a vast array of solar power projects, and has also invested in several large solar projects in the U.K., the U:States, and the U.:Hawaii.
The U. S. is home, for example, to more than 4,000 megawatts of solar energy capacity, according data from EIA.
But China has also banned foreign investment in solar, and those restrictions are unlikely to last forever.
Solar panel manufacturer SunPower said last week that it had sold off nearly all of its overseas solar projects, cutting back on investments in developing countries and elsewhere.
SunPower said that it is looking for new investments to offset its investments in projects in China.
The company said in a statement that it will be focusing on developing projects that will help boost its competitiveness in the market.
China has been a major market for solar power, with more than 3.5 million megawatts installed in 2016.
SunEnergy said in its statement that SunPower is considering the opportunities that China offers and will be exploring those opportunities, “but will continue to be focused on its core business in the domestic market.”