Solar industry likely to stabilize in H2
Print Edition
China’S solar industry may stabilize in the second half of the year after reaching a compromise with Europe while the domestic market is seen to expand, the industry ministry said.
Chinese solar companies, the world’s largest, have been struggling with overcapacity and involved in trade disputes with the West.
China produced 11.5 gigawatts of solar modules in the first half, or 67.5 percent of global total, the Ministry of Industry and Information Technology said in a report. Production capacity stood at over 40GW.
Exports totaled 7.5GW, or worth US$5 billion, but they fell 37 percent from a year earlier, the ministry said. Europe accounted for 50 percent of China’s shipments, down from nearly 70 percent a year earlier, but it remained the top market.
But China shipped more to Japan, the US and India as a percentage of its total solar exports, the ministry said.
The European Union early this month approved a settlement with China’s solar industry that sets a price floor and a volume limit on Chinese products by 2015. Participating Chinese companies are exempt from hefty EU anti-dumping duties averaging nearly 48 percent.
The settlement could see China’s share in Europe’s solar panel market drop to 60 percent from 80 percent last year, according to Yuan Quan, marketing manager of Jiangsu Province-based Phono Solar.
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