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How China Dominates The Solar Panel Industry

June 10, 2016
tags: ,

By Paul Homewood

 

 

If you want a good example of why China was perfect happy to sign up to the Paris Treaty, just look at the solar panel industry.

 

The Fraunhofer Institute in Germany has just published its annual report into the Photovoltaic industry, showing just how China has come to dominate worldwide production of PV cells and modules:

 

 

 

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According to Fraunhofer, which is the largest solar energy research institute in Europe, China now accounts for 71% of global module production.

 

Little wonder their government is so keen for the world to invest billions in solar power.

 

 

 

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9 Comments leave one →
  1. Adam Gallon permalink
    June 10, 2016 1:36 pm

    I’m in China, on holiday currently & they don’t seem to practice what they preach. From my room on the 14th floor of a hotel in Beijing, I can’t see a single panel & I don’t remember seeing any when flying in to Chengdu or Xian for that matter either. A hell of a lot of building work going on, however.

  2. Terbreugghen permalink
    June 10, 2016 2:07 pm

    with dominant US investments in China, one wonders what percentage of solar panel production is owned by US investors.

    • June 10, 2016 4:11 pm

      Which parts are really Communist party?
      Like failed giant Hanergy is closely connected read this quote from the FT
      “serts.

      Hanergy’s woes have touched a number of Chinese banks, notably Bank of Jinzhou which listed in Hong Kong last year. Other Chinese financial institutions that have lent to Hanergy have never revealed the extent of their exposure.

      Mr Li’s successor as head of the listed company, Yuan Yabin, provides a reminder of the political connections the company enjoys. Mr Yuan formerly worked in the national committee of the Chinese People’s Political Consultative Conference, an advisory body to the Chinese government and ruling Communist Party. Mr Li is a representative to the CPPCC.”

      – Some other strange thing also. In a normal country short sellers get a bad company is closed down. The wise short sellers in Hanergy still cannot get them money because the Chinese government has not yet reopened the stock on the Hong Kong Stock Exchange even after more than one year.

      • June 10, 2016 4:21 pm

        WaPo good primer
        “Debt can be a dangerous thing, and it’s not just Hanergy but also China itself that has a lot of it. According to the Economist magazine, China’s total debt has gone from 155 percent the size of its economy in 2008 to 260 percent by the end of 2015”

    • June 10, 2016 6:28 pm

      Almost none. All Chinese companies listed in China or Hong Kong. Neither First Solar nor Sun Power has any Chinese production. China dominates poly Si, got there by dumping and subsidies. None of the Chinese majors have made money in years, and the largest is in bankruptcy.

  3. It doesn't add up... permalink
    June 10, 2016 3:24 pm

    I wonder what the chart on Chinese Nd exports looks like… Probably in decline again now, with so many wind projects going on the back burner.

  4. June 10, 2016 4:35 pm

    Today theory “SolarCity? Well, it helps that the folks who make the solar panels that SolarCity installs are in similarly dire straits. (So wont increase prices) Canadian Solar (NASDAQ:CSIQ), one such supplier, is reporting GAAP profits now, but continues to burn cash. Likewise with Trina Solar (NYSE:TSL). And Yingli Green Energy (NYSE:YGE), yet another SolarCity supplier, says its producing cash — but under GAAP accounting, it’s been losing money for five years straight.”

  5. John F. Hultquist permalink
    June 10, 2016 5:05 pm

    Many governments (city, state-like, and national) are facing expenses for schools, health care, services for poor and immigrants, and others. These needs will not be denied. See:
    Washington’s (the US State) outgoing superintendent is floating a controversial idea on his way out of office: Shut down all public schools in order to force lawmakers to fully fund education. Link

    These needs are immediate, or nearly so, and will force serious budget reallocations away from green energy, about which no one sees monetary benefits (only costs) in the foreseeable future.
    Dominate suppliers and promoters of solar and wind energy will experience hard times.
    This will not end well.

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