Selling to India and Europe, two of the world’s largest and fastest-growing markets for solar power, is also becoming harder. While India does continue to import from China, it has been moving to raise tariffs.
Investigations into Chinese makers of solar panels suspected of benefiting from state subsidies have added uncertainty and further tariff risk, discouraging buyers from committing to new purchases. Shares of local solar groups have fallen this year as module prices drop.
China’s solar sector, which dominates global production, is suffering one of the deepest and longest downturns in the industry’s history. In the first half of this year China installed 256 gigawatts of solar capacity — more than twice the rest of the world combined, according to energy think-tank Ember.
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Solar Container Solutions Inc. 123 Energy Park, Industrial Zone, Shanghai 201100 China
