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

RELATED ARTICLES

wind turbines

Powering Texas: Big, Clean, Market-Driven Changes are Already Underfoot

Peter Sopher, EDF Over the past century, the electric grid in the United States has experienced only minor changes. There is evidence, however, the power sector is changing. We are moving away from traditional coal generation and toward alt...
Solar Frontier

Solar PV Manufacturer Solar Frontier Expanding Globally As Japanese Solar Market Softens

Jennifer Runyon, Chief Editor After three years of brisk sales in Japan driven by an aggressive Feed-in Tariff (FIT), Solar Frontier is looking to expand into the global market and still hopes to build a manufacturing plant in the U.S. according to the...
International flags

Climate Talks Nearing Consensus in Behind-the-Scenes Meetings

Alex Nussbaum, Bloomberg

Publicly, the United Nations climate-change talks look mired in disputes over everything from money to the length of the proposed agreement.

Australian flag

Solar Feels the Love in Australia as Wind Farms Draw Attacks

James Paton, Bloomberg

While wind farms in Australia are under attack, it’s a different story for the solar industry. Developers of large plants that rely on the sun to generate power are finally winning support in the sunburned country.

CURRENT MAGAZINE ISSUE

Volume 18, Issue 3
1505REW_C11

STAY CONNECTED

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

FEATURED PARTNERS



EVENTS

Renewable Energy 2015

Renewable Energy 2015 (RE 2015) is Vermont’s annual convention bri...

SPG Europe

Global Solar Markets presents our pan-European event, created in collabo...

StartUp Green

AREI, American Renewable Energy Institute, in partnership with ...

COMPANY BLOGS

How To Make Your Prospect An Internal Champion

If you recall Seth Godin’s hierarchy of decision-making ...

Intersolar Day One: EcoFasten Solar Debuts Rock-It System

Today is FINALLY the day! The count-down clock has been ticking for mont...

The Perfect Milk Bonus

The next time you’re preparing to sell to a prospect, ask yourself...

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