China's Solar Panel Glut Undermines Its Agreement with the EU

By Reuters:  “We fear a second wave of bankruptcies,” said the head of an association of EU solar producers.  A sharp increase in solar power production in China and a sharp fall in domestic demand have sparked a sudden surge of cut-price exports, undermining a China-EU agreement to limit damage to European producers.

China produced 27 gigawatts (GW) of solar photovoltaic (PV) modules in the first half of 2016, an increase of 37.8 percent and installed 20 GW of new solar power capacity in the same period, three times as much as the same period a year ago.

However, demand has since tailed off. Solar projects operational since July face a reduced price paid by grid operators for their power.   Cont'd...

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

U.S. BATTERY RENEWABLE ENERGY SERIES DEEP CYCLE BATTERIES

U.S. BATTERY RENEWABLE ENERGY SERIES DEEP CYCLE BATTERIES

Our RE Series batteries are designed to provide the highest peak capacity, longest cycle life, and greatest reliability for use in industrial or residential renewable energy applications. Renewable Energy Series batteries utilize the company's exclusive XC2™ formulation and Diamond Plate Technology® to create the industry's most efficient battery plates, delivering greater watt-hours per liter and watt-hours per kilogram than any other flooded lead-acid battery in the market. Our Deep Cycle batteries are engineered to work with solar panels as well as other renewable energy applications.