Between June 2023 and February 2024, at least eight companies cancelled or suspended more than 59 GW of new production capacity, equivalent to 6.9% of China's total finished panel production capacity in 2023, according to the China Photovoltaic Industry Association (CPIA).
REUTERS/Stringer/File Photo Purchase Licensing Rights SHANGHAI, June 12 (Reuters) - Chinese solar panel manufacturers said they are seeking immediate government intervention to curb investment and industry collaboration to arrest a plunge in prices of solar cells and modules, as the industry faces overcapacity.
Solar companies cut costs and prices sharply to maintain market share. That led to a few low-cost survivors while many other competitors were driven out of business in China and around the world. The deserted blue-walled factory of Hunan Sunzone, left, which once made solar panels in Changsha, China.
China’s solar photovoltaic (PV) industry’s protracted battle with overcapacity may be drawing to a close, after years of bruising price wars and rapid capacity build-up plunged half the sector into the red, forcing closures and disrupting expansion plans, analysts say.
At the end of 2023, China's annual production capacity for finished solar modules was 861 gigawatts (GW) equivalent according to China Photovoltaic Industry Association data, more than double global module installations of 390 GW.
However, with no end in sight for the plunge in prices, industry officials and analysts said intense competition was threatening to drive smaller producers into bankruptcy. Rapid capacity additions drove down prices of China's finished solar panels by 42% last year.
Construction of U.S. solar-manufacturing plants by Chinese companies is surging, putting China in position to dominate the industry, as other American factories …
The country''s dominance in solar technology, cost-effective manufacturing, diverse product options, adherence to global compliance and standards, robust export …
Many of the major solar manufacturers have announced a change in strategy, with a delay or suspension of production in 2023. However, the impact has been worse than …
China''s industry ministry on Wednesday finalised investment guidelines for solar photovoltaic (PV) manufacturing projects in an effort to rein in overcapacity, according to …
China''s industry ministry on Wednesday finalised investment guidelines for solar photovoltaic (PV) manufacturing projects in an effort to rein in overcapacity, according to …
China''s extensive solar strategy includes decentralized panels on houses or factories, as well as large-scale solar farms. ... Solar PV module production output in China 2018-2023. Production …
Between June 2023 and February 2024, at least eight companies cancelled or suspended more than 59 GW of new production capacity, equivalent to 6.9% of China''s total …
China''s energy regulator pledged to take steps to slow the expansion of the solar industry, such as limiting the addition of ''low-end'' manufacturing capacity. June 2024： …
Between June 2023 and February 2024, at least eight companies cancelled or suspended more than 59 GW of new production capacity, equivalent to 6.9% of China''s total …
China''s solar photovoltaic (PV) industry''s protracted battle with overcapacity may be drawing to a close, after years of bruising price wars and rapid capacity build-up …
During the two-year tariff suspension window, the U.S. solar industry can return to rapid deployment while the Defense Production Act helps grow American solar manufacturing." ... Panel production at this facility would …
Previously, the production of electricity as well as solar panels were from those installed in Cambodia and exported in large quantities. The US raised tariffs on imports from China amid trade tensions. "This problem …
China''s PV Industry Takes Rare Collective Action to Cut Production (Yicai) Dec. 9 -- More than 30 firms representing 90 percent of China''s photovoltaic production have …
First Solar Inc., a major solar panel manufacturer, said that freezing tariffs would grant "unfettered access to China''s state-subsidized solar companies for the next two years" …
China is warning its oversaturated photovoltaic sector to avoid blindly expanding capacity – including in producing solar panels – with newly issued guidance that …
Share this on social media Solar industry ''shocked'' by Hungarian government''s suspension of feed-in (EurActiv, 17 Oct 2022) The government''s announcement …
China''s cut-price solar modules could come in for similar treatment. America has levied anti-dumping duties on Chinese solar manufacturers since 2012.
Solar panel manufacturing does occur outside of China, and domestic manufacturers are emerging in the United States. According to Statista, there is a steep drop …
The West is raising barriers to China''s solar panels. Europe has begun barring their use in government procurement projects unless Chinese companies disclose their …
China''s solar photovoltaic (PV) manufacturers have renewed their call urging the government to regulate the market following moves to curb overcapacity, after an industry …