Valérie Hoeks (胡凤丽)’s Post

🌞💼 Navigating the Solar Panel Market Shake-Up   Oversupply in the solar panel industry has driven a significant shift in the market dynamics this year. In 2023, prices of finished solar panels in China plummeted by 42%, making Chinese panels over 60% cheaper than U.S.-made equipment. Some module-only manufacturers take orders at negative margins to maintain their market share.    📊 According to the China Photovoltaic Industry Association, China's annual production capacity for finished solar modules reached a staggering 861 GW by the end of 2023. This is more than double the global module installations, which are 390 GW.    🌍 These developments are fueled by Chinese subsidies for clean energy products, including solar panels, flooding global markets. While this aggressive expansion threatens U.S. firms and workers, it also impacts the global economy, reshaping the competitive landscape of the renewable energy sector.    🔍 So far, 2024 is heading down the same path, and for industry professionals, staying informed and adapting to these changes is crucial to leveraging the opportunities and navigating the challenges in this rapidly evolving market.    #SolarEnergy #RenewableEnergy #MarketTrends #GlobalEconomy #CleanEnergy #SolarPanels #Sustainability #China #US #IndustryInsights 

China solar industry’s record-breaking growth to stall in 2024 Summary: China's solar capacity growth is expected to slow down in 2024, with an estimated increase of 31%, following a record 55% growth in 2023. The expansion of the world's largest renewable power capacity has been hindered by issues such as overcapacity, curtailment, and transmission system strains. The conservative forecast suggests the addition of 190 gigawatts (GW) of new solar capacity in 2024, a decrease from 216 GW in the previous year. Despite the potential to reach up to 220 GW under an optimistic scenario, the industry faces challenges including canceled or suspended manufacturing plans, low component prices, job losses, and "blind expansion." The China Photovoltaic Industry Association (CPIA) highlighted that 19 out of 62 listed solar PV companies are currently operating at a loss. To address these issues, the revision of China's renewable energy law will be a key topic at the upcoming National People's Congress meeting. The sector also contends with grid connection difficulties, insufficient storage capacity, and international trade barriers. Notably, solar component exports to Europe dropped by 14.6% in 2024, while exports to Asian countries saw a 6.3% increase, indicating a challenging international environment for China's solar industry. #ChinaSolarGrowth #RenewableEnergy #SolarCapacity #CPIA #RenewableEnergyLaw #SolarIndustryChallenges

Global PV demand to hit 469 GW and 533 GW this year, says PV Infolink: PV InfoLink says that Chinese solar demand will reach between 240 GW and 260 GW this year, while European demand will hit 77 GW to 85 GW. #RenewableEnergy #Photovoltaic #Technology

As the global energy shift advances, PV InfoLink projects solar demand to reach 469–533 GW in 2024. However, key markets – China, the United States, Europe, and India – are challenged by supply-demand imbalances, policy shifts, and economic volatility that could reshape installation demand and weigh on growth after 2025.

China Dominates Global Investment in Solar Module Manufacturing According to a report released today by the International Energy Agency (IEA), China maintained its stronghold on the global investment landscape in photovoltaic solar module manufacturing, accounting for 80% of global investment in 2023. The IEA’s findings suggest that China’s leadership in this sector is unlikely to change in the near future. The report paints an optimistic picture of the capacity of factories worldwide to produce solar installations necessary to achieve climate goals by 2030... Read more on the link below https://lnkd.in/ejRQewn4

China has installed 79GW solar PV capacity for the first 5 months of 2024 beating all records to date. This is a huge landmark indicating that Chinese market will again be front-running the #globalinstallationmarket in 2024. The feat is also important from pure internal reasons. With demand for global PV panels and other products across the #solarandBatteryStorageValueChain struggling to meet the increase of supply from the Chinese manufacturers, it is the local (Chinese) market that is mostly driving the innovation and, frankly, keeping afloat them. It a major concern to gradually manage the current #oversupply to sustainable balance of the market in order to have the #majorChineseManufacturers survive the current #bloodbath driven by local cutthroat competition and subsidies. A major question mark what would be the change of policy of China toward the PV manufacturing sector (if any) after the ongoing economic plenum of the CCP which can show nothing on the surface but that could be also revolutionary for an industry with more that 15 years of #unprecedentedSupport by the state. #PVinstallations #overcapacity #competition #statesupport

In recent years, the continuous decline in Chinese solar panel prices, even to the point of falling below cost, has sparked global attention and controversy. While some argue that China’s actions are aimed at undermining international competitors and monopolizing the solar industry, a deeper analysis of data from BNEF suggests another perspective. Firstly, as the "World's Factory," China faces immense pressure for energy transition. For years, China's energy structure and carbon emissions have been subject to significant international criticism. With breakthroughs in solar technology, China has gradually gained dominance in this industry. Although the price drop in solar panels has indeed impacted some established brands, the primary goal of the Chinese government appears to be to accelerate domestic energy restructuring at a lower cost, enabling large-scale deployment of renewable energy. The fact that China has maintained over half of the global installation capacity since 2012 clearly illustrates this strategic intent. Secondly, China's pricing strategy not only benefits the domestic market but also injects strong momentum into the global promotion of clean energy. As solar panel prices have fallen, global solar installations surged in 2023, with many countries jumping on this "price drop bandwagon" to deploy solar power systems more cost-effectively. This global expansion not only drives the development of clean energy but also highlights the inclusive nature of solar technology. From an environmental protection standpoint, the solar industry should not be a high-margin commercial sector but rather a critical tool for promoting global sustainable development. However, long-term losses are unsustainable. While short-term price wars may facilitate market expansion, for the solar industry to develop healthily, all participants must be able to earn reasonable profits. As professionals in the solar industry, we eagerly anticipate the arrival of a more stable market. Only in such an environment can the sustainability of the supply chain be ensured, the momentum of technological innovation be maintained, and the global adoption of clean energy continue to progress. #SolarIndustry #EnergyTransition #EnvironmentalProtection #MadeInChina #GlobalEnergy

1. The Vietnamese Ministry of Industry and Trade will implement a number of tasks including electricity price policies; On July 12, 2024, Nguyen Hongyan, Minister of Industry and Trade of Vietnam, held a meeting to deploy tasks related to electricity price policies. The meeting emphasized the implementation of the "Electricity Plan No. 8" and the preparation for the adjustment of the 2025 electricity plan. The meeting mentioned that a number of policies, including competitive electricity markets, transmission prices, and two-part electricity prices, need to be formulated and implemented to ensure the stability of the electricity market and investment returns 2. The South Australian power grid achieves 100% wind and solar power generation, and will increase 1,600 MWh of BESS installed capacity The South Australian power grid has become the world's first non-hydropower grid to achieve 100% net wind and solar power generation. The Australian federal government's Renewable Energy Transformation Agreement stipulates that by 2027, the South Australian grid is expected to add at least 1 GW of new wind and photovoltaic installed capacity, as well as 400 MW/1,600 MWh of energy storage, while strengthening the Project Energy Connect transmission link with New South Wales. 3. India's energy storage capacity reached a milestone of 219 MWh, a year-on-year increase of 360% According to Chemical Industry Digest, as of March 2024, India's battery energy storage capacity has jumped from 47.6MWh in March 2023 to 219.1MWh, an increase of more than four times. 4, the British Labour Party government has launched a "rooftop revolution" and will vigorously promote the development of rooftop photovoltaics The British Labour Party government announced that it will implement the "rooftop revolution" plan to promote millions of households to install rooftop photovoltaics, reduce electricity costs and respond to the climate crisis. V. Summary of recent important investment reforms in Brazil, Argentina and Mexico For more industry insights, please follow us... @pvessplanet --- Global Photovoltaic Energy Storage Community🌏 #Energy #InternationalEnergy #WorldEnergy #EnergyStorage #BatteryNews #pvstatus #pvessplanet #sungrow #gres #chinapvc #solarbattery #solar #solarstorage 

𝙏𝙝𝙚 𝙨𝙤𝙡𝙖𝙧 𝙞𝙣𝙙𝙪𝙨𝙩𝙧𝙮 𝙞𝙣 𝘾𝙝𝙞𝙣𝙖 𝙞𝙨 𝙣𝙤𝙩 𝙢𝙖𝙠𝙞𝙣𝙜 𝙢𝙤𝙣𝙚𝙮. Billions of dollars worth of state subsidies and incentives have fuelled a steep plunge in prices of China’s solar cells and modules, slashing the industry’s profits. Solar panel makers in China are seeking government action to stop ‘over-investment’ in the industry as plunging prices of solar cells and modules erode their profits. Billions of dollars worth of state subsidies and incentives have helped China dominate the global solar industry. The country now accounts for 80% of global module capacity. With a cost for the manufacturers.

Is the EU solar manufacturing industry now set for a rebound? ☀️ Yesterday, 23 countries signed the European Solar Charter (ESC), a beacon of hope for reviving domestic manufacturing. Why? China's grip on solar manufacturing is undeniable, accounting for a whopping 97% of all EU imports, leaving domestic manufacturers biting the dust. The sealed and signed charter isn't just about saving jobs. A strong European solar industry strengthens our clean energy independence and fosters innovation. But as many know, a signature changes nothing in isolation, so the next step will be for off-takers and EU Member States to commit to specific quantitative targets, such as a percentage of EU PV modules for deployment projects, ensuring a sustainable supply of high-quality solar PV products in Europe. With Chinese solar panels being about 50% cheaper than its European equivalent, will developers be faced with price Time will tell. Read the release here: https://bit.ly/49F87Zy