CHINA NEW ENERGY REACHES FOR THE WORLD

How China Is Expanding Its Influence In Global Solar Market

Ucilia Wang, November 25, 2014 (Forbes)

“…While Chinese manufacturers, from those who make the components to the final assembly of solar panels, have to raise their prices or pay tariffs as a result of the trade cases, most of the major players have remained in business. Their own domestic market is booming thanks for government subsidies to promote solar energy generation…China’s recently announced plan to increase renewable energy use and cap carbon emissions by 2030 spells more opportunities…Chinese companies already make up eight of the top 10 solar panel makers worldwide. In recent years, Chinese companies that made their fortunes in non-solar business began to invest in solar manufacturing and project development not just within China but also abroad…[ China’s Overseas Investments In The Wind And Solar Industries] by the World Resources Institute showed that China has boosted its overseas investment…Countries that benefited from [Chins’s wind and solar] investments included the United States, Spain, Italy, South Africa and Bulgaria…” click here for more

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