The World's #1 Renewable Energy Network for News, Information, and Companies.

China Sees Possible Second-Half Revival of Local Solar Industry

China Sees Possible Second-Half Revival of Local Solar Industry

China's solar industry may revive this half as consumption grows abroad and local demand takes off, the Ministry of Industry and Information Technology said.

Production of polysilicon, used to make solar cells, fell 25 percent in the first half to 31,000 metric tons from a year earlier, the ministry said yesterday in a statement on its website. The figure accounted for 27 percent of world output.

The China Photovoltaic Industry Alliance between companies and the state sees annual output of 80,000 tons of polysilicon and 23 gigawatts of solar panels, according to the statement. China will also install more than 8 gigawatts of solar power. Some polysilicon makers will resume output after suspensions, possibly leading to reduced imports, the ministry said.

China, with capacity to produce more than 40 gigawatts of panels, made about 11.5 gigawatts in the first half as exports slid 37 percent to 7.5 gigawatts. The top seven companies made 45 percent of output. They include Yingli Green Energy Holding (YGE) Co. and Trina Solar Ltd. (TSL), figures compiled by Bloomberg show.

While sales to Japan, the U.S. and India expanded in the period, they fell to Europe, which buys about half the exports. China agreed with the European Union last month to curb panel shipments to the region to avoid punitive tariffs.

China's 10 biggest photovoltaic companies have debt of more than 100 billion yuan ($16.4 billion), with profit margins down and financial institutions tightening credit, the ministry said.

Read more solar energy news here.

Copyright 2013 Bloomberg

Lead image: Sun on China map via Shutterstock

CURRENT MAGAZINE ISSUE

03/01/2015
Volume 18, Issue 3
file

STAY CONNECTED

To register for our free
e-Newsletters, subscribe today:

FEATURED PARTNERS



EVENTS

EU PVSEC 2015 (European PV Solar Energy Conference and Exhibition)

The EU PVSEC is the largest international Conference for Photovoltaic re...

Energy Storage USA 2015

Energy Storage USA is the leading conference in the United States focuse...

More Power, More Profit Tour - Kingston

SMA’s More Power, More Profit Tour is aimed to provide highly-valu...

COMPANY BLOGS

EU PVSEC 2014 extends its Scope

Added focus on application and policy topicsAbstracts for conference con...

EU PVSEC 2014: Call for Papers Receives Great Response

More than 1,500 contributions apply for presentation in AmsterdamScienti...

Solar Impulse Flying From China to Hawaii

The team behind Solar Impulse, the solar-powered airplane, is prepa...

SOCIAL ACTIVITY

Tweet the Editors! @megcichon @jennrunyon

NEWSLETTERS

Renewable Energy: Subscribe Now

Solar Energy: Subscribe Now

Wind Energy: Subscribe Now

Geothermal Energy: Subscribe Now

Bioenergy: Subscribe Now  

 

FEATURED PARTNERS