So much is happening in the solar power industry with China’s growing arms in the global market. Companies from China keep forging ahead with their manufacturing and opening lap factories in Southeast Asia, despite tariffs and trade wars dictating so many things. This indicates the capability of Chinese manufacturers, as well as lacunae in American policy, which shape solar energy into its future.
China’s solar market shares 80% of the pie globally at this time when the US decline is happening
The rise of China as an emerging player in the solar industry has been powered by state-backed subsidizations and aggressive investments in manufacturing technologies. Over two decades, Chinese companies have cornered about 80% of the world’s market share on solar panels.
Once a solar manufacturing giant, the US has slumped as the industry within the country receded, with costs among others cited as advantages that Chinese…
