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Concerns Rise as China's Solar Panel Sector Faces Potential Crisis

share-iconSaturday, January 11 comment-icon1 week ago 5 views
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Concerns Rise as China's Solar Panel Sector Faces Potential Crisis

Credited from: SCMP

  • Chinese solar manufacturers recently attempted an **Opec-style agreement** to limit oversupply, but early signs of disintegration have emerged.
  • The **China Photovoltaic Industry Association (CPIA)** reports that prices have plummeted drastically, with 39 out of 121 firms losing money in 2024.
  • The push for capacity expansions after Beijing's **2060 net-zero goals** has led to excessive production and a severe price war.
  • Analysts caution that the industry's future hinges on **self-regulation** and adherence to price floors to prevent a broader crisis.
  • Despite challenges, Chinese solar firms hold a **dominant global position**, with expectations for emerging market growth amid competitive pricing.

For the full article, visit SCMP.

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Gloria Terra

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