China is beginning to see a downside to its dominance of the global solar power industry with excess capacity leading to shrinking margins and slumping stock values, the Financial Times reported.
Chinese solar-panel makers now account for 80% of global production capacity but the cost of that victory is now looking too high, the report went on, with its solar firms able to build over 860 gigawatts of solar modules annually.
Solar cell manufacturers like Longi Green Energy Technology, JA Solar Technology and Trina Solar have seen their stocks fall more than 50% in the past year and the sector’s operating margins have halved over the past four years.
Read the full story: The Financial Times
- By Sean O’Meara
Also on AF:
China’s Solar Sector Seen Facing Years of Oversupply, Low Prices
EU Can’t Close Borders to Chinese Solar, Energy Chief Says
China’s Cheap Solar Panels Killing Europe’s Solar Manufacturers
China Wind, Solar Capacity Set to Outstrip Coal For First Time
China Solar Panel Costs Plunge in 2023, 60% Cheaper Than US
The post China Solar Firms Paying Price of Global Dominance – FT appeared first on Asia Financial.
