Chinese Solar Players Seek Escape Paths From Market Turmoil - Energy Intelligence
Chinese Solar Players Seek Escape Paths From Market Turmoil | Energy Intelligence
Jenson/Shutterstock Save for later Print Download Share LinkedIn Twitter China dominates the global photovoltaic (PV) market, with sky-high market shares on everything from silicone wafers to assembled solar panels, but that preeminent role is by no means easy. The industry is facing an onslaught of market troubles. A production glut, which officials deny, has led to a persistent price fall for solar equipment across the value chain. Many manufacturers are selling at a discount — below their production costs — just to stay in the market. Although the industry experienced a high-flying 55% growth in solar installations in the first quarter of 2024 versus the first quarter of last year, this was accompanied by financial losses — and installations are now falling, too, with April seeing a decline of 22% compared to last year. Not helping is low consumption due to distribution bottlenecks and geographical supply and demand mismatches.
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