Wait...
  1. Home >
  2. Export Import News >
  3. Export News >
  4. China solar exports hit 58 GW in first three quarters of 2019, foreign earnings for firms set to ris >
  5. China solar exports hit 58 GW in first three quarters of 2019, foreign earnings for firms set to ris

Online Export Import Data Search

Recent Searches: No Recent Searches
Complete Training Video : Click Here

China solar exports hit 58 GW in first three quarters of 2019, foreign earnings for firms set to ris.


Date: 06-12-2019
Subject: China solar exports hit 58 GW in first three quarters of 2019, foreign earnings for firms set to ris
China's solar module exports rose to the equivalent of 58 gigawatts of capacity in the first three quarters of the year, compared to 41.6 GW for all of 2018, as a slowdown at home pushed panel sales overseas, an industry association said.

Wang Bohua, vice-chairman of the China Photovoltaic Industry Association, also told a conference on Thursday that the value of the country's solar component exports hit $17.74 billion over the first three quarters of 2019 and could exceed $20 billion for the whole year, an increase of 25% over 2018.

Europe accounted for 34.9% of the export sales in the first three quarters, and the United States only 0.2%, Wang said.

U.S. President Donald Trump's administration implemented a four-year tariff regime on solar panels in 2018, an opening salvo in a trade war aimed at helping U.S. manufacturers rebound from years of decline due to foreign competition.

Beijing said in May last year it would wind down subsidies to the nation's solar industry to reflect rapidly declining construction and generation costs. It also sought to tackle a spiralling payment backlog amounting to more than 100 billion yuan ($14.2 billion).

China has been trying to achieve what is known as "grid price parity", in which renewable energy suppliers are capable of competing subsidy-free with coal-fired power generators.

New capacity additions in China came in at 15.99 GW in the first three quarters of 2019, Wang said. New installations for the year were expected to reach around 25-30 GW this year, down from a record 53 GW in 2017 and 44 GW in 2018.

Most of the capacity added in 2019 has been subsidy-free, and all new projects are expected to operate without government support by 2021.

Executives have warned the subsidy cuts would lead to a slowdown in new capacity for around five years. CPIA's Wang, however, said installations could recover by next year.

"We aren't optimistic about new installations this year," Wang said, noting that the association's initial minimum expectation at the start of 2019 was 35 GW.

"We expect installations to be more next year, at least 40 GW," he said.

Source: economictimes.indiatimes.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 20-01-2020
A.P. (DIR Series) Circular No.17
Introduction of Rupee derivatives at International Financial Services Centres (IFSC)

Date: 17-01-2020
TRADE NOTICE NO. 46/2019-20
Mis-classification goods under 'Others' category at the time of Import- reg.

Date: 16-01-2020
Notification No.05/2020 - Customs (N.T.)
Exchange Rates Notification No.05/2020-Custom (NT) dated 16.01.2020.

Date: 15-01-2020
Notification No. 03/2020- Customs (N.T.)
Notification of Ghasuapara LCS for imports also by amendment of Notification No. 63/1994-Customs dated 21st November 1994

Date: 15-01-2020
Notification No. 04/2020-CUSTOMS (N.T.)
Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seed, Areca nut, Gold & Silver - reg.

Date: 15-01-2020
Circular No 03/2020-Customs
Implementation of PGA e-SANCHIT– Paperless Processing under SWIFTUploading of Licenses/Permits/Certificates/Other Authorizations (LPCOs) by PGAs – reg

Date: 15-01-2020
A.P. (DIR Series) Circular No. 16
Hedging of Commodity Price Risk and Freight Risk in Overseas Markets (Reserve Bank) Directions, 2018 - Amendment

Date: 14-01-2020
PUBLIC NOTICE No. 56/2015-2020
Amendments in Standard Input Output Norms (SION) of Engineering Product group: Suspension of SION C-888 - reg

Date: 14-01-2020
Notification No. 4/2020-Customs (N.T./CAA/EXTENSION/DRI)
Appointment of CAA by DGRI

Date: 13-01-2020
Notification No. 05/2020 – Central Tax
Seeks to appoint Revisional Authority under CGST Act, 2017.



Exim Guru Copyright © 1999-2020 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o Infodrive India
E-2, 3rd Floor, Kalkaji Main Road
New Delhi - 110019, India
Phone : 011 - 40703001