China Increasing Solar Panels

The owner of this factory longi green energy technology co is the world s largest producer of solar wafers and the world s largest solar company by market value as of the end of last year.

China increasing solar panels.

According to the international energy agency iea more than 60 of the world s solar panels are made in china. However with january 15th s phase 1 trade deal the solar industry can breathe a partial sigh of relief. From tariffs on imported solar panels from china to a sharp decline in imported american polysilicon to china the political back and forth has developed a sense of uncertainty around the solar industry in this country. In 2017 53 gw of solar was installed in the country more than.

Prices for chinese solar panels are 20 to 30 lower than those of japanese manufacturers said an industry source. Eight out of the world s top 10 solar panel makers are chinese according to. To make solar a mainstream energy and become a part of the global energy mix china started giving incentives for boosting the domestic solar pv manufacturing.