China Tries to Fix Solar Panel Problems with Mergers, Reduced Gov. Support

In response to troubles with its solar panel manufacturing, China is trying to get producers to merge.

Beijing, in particular, is facing problems with its solar panel industry and plans to fix it by reducing government support for the industry, encouraging mergers and blocking local leaders from supporting domestic producers.

Beijing's solar problems stem from rapid expansion over the past decade. It offered grants and low-cost loans, which led to many producers crowding the market. The end result was too many producers that flooded the market with supplies and were forced to lower prices in order to compete. The industry is now about $17.5 billion in debt.

Further complicating Beijing's solar issues is conflict with both the U.S. and Europe. Last month, a U.S. trade panel supported tariffs as high as 250 percent on imports of sola panels from China. This occurred after it was discovered that Beijing was subsidizing imports in an inappropriate way and affecting jobs abroad.
 

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

LG Solar Unveils NeON R with Enhanced Aesthetics and Energy Savings

LG Solar Unveils NeON R with Enhanced Aesthetics and Energy Savings

The NeON R module features "Back Contact" cell technology delivering an entirely black panel that is aesthetically pleasing and energy efficient. The cell's seamless, surface blends perfectly into nearly all rooftop designs while the module's electrodes are positioned on the rear of the cell. Using LG's N-type cell structure, the panels produce 365W of energy, up to 7.3kWp, compared to 5.8kWp of the p-type cell. The module's new design minimizes LID, thereby delivering a longer lifespan and increased energy output.