In part, that reflects the fact that, amid a production glut, exporting Chinese-made panels has become more difficult. Xinjiang accounts for about 40 per cent of global manufacturing capacity of polysilicon, the material needed to make solar wafers and cells.
That makes exports to the US complicated under the Uyghur Forced Labour Prevention Act, which bars entry for any goods made with materials sourced from the region. Selling to India and Europe, two of the world’s largest and fastest-growing markets for solar power, is also becoming harder.
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. Chinese factories, however, produced more than double that capacity. Small wonder the four largest local solar groups posted a combined loss of $1.5bn in the first half of this year.
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.
Our standardized container products are engineered for reliability, safety, and easy deployment. All systems include comprehensive monitoring and control systems with remote management capabilities.
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