Taipei, Monday, May 20, 2019, 22:42

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Chinese Maintains Lead in Global Solar Investment

By Korbin Lan
Published: Jul 19,2018

TAIPEI, Taiwan - The Photonics Industry & Technology Development Association (PIDA) yesterday pointed out that demand in the global solar energy market is continually increasing. In 2017 nearly 100GW of solar energy equipment was installed globally; however, the primary market is still in Mainland China. In addition, the major global solar energy companies are not increasing production capacity. Instead, they are just increasing their production bases, and this holds true for both wafers, cells, and modules.

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PIDA also explained that from the standpoint of investment, Mainland China’s investment capital is second to none globally. Furthermore, in response to the expansion of demand in the global solar energy market, the major global solar energy manufacturers are diligently increasing production in an effort to strengthen competitiveness. According to a PT-Tech survey, production planning in 2017 increased to 97GW; meanwhile, a BNEF survey of solar energy-related investment in 2017 found that investment had increased 20% from 2016, reaching a total of US$160 billion.

PIDA believes that the global solar photovoltaic market will still continue to experience growth, and according to an IHS forecast, the amount of solar installations will reach 113GW in 2018. Although the Trump administration in the United States has levied duties on the importation of solar energy products, the major global solar energy companies are still continuing to either expand production or are expanding overseas production bases.

(TR/ Phil Sweeney)

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