Wed, June 20, 2012
Technology > Science

China dominates solar power

2012-06-20 02:59:02 GMT2012-06-20 10:59:02(Beijing Time)

An employee displays a solar panel at a workshop in a factory in Hangzhou, Zhejiang province. Photograph: LANG LANG/REUTERS

Armed with tens of billions in loans from the Chinese government, Chinese solar companies have scaled at a rate unthinkable only a few years ago.

At the end of this year, there will likely be 50,000 megawatts (MW) of manufacturing capacity in place around the world, with much of that new capacity being developed in China and other Asian countries.

In four years, the solar manufacturing sector shifted from being led by a geographically dispersed number of companies to one dominated by Chinese companies.

In 2006, there were two companies from China in the list of top ten cell producers. In 2010, there were six, according to Bloomberg New Energy Finance.

There are currently only two non-Asian manufacturers in the top ten, and those companies -- First Solar and Q-Cells -- have shifted a lot of their production to Asia.


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