Are China's photovoltaic manufacturers overcapacity?

China’s biggest photovoltaic manufacturers reported surging profits in the first half of 2023 driven by strong demand and an uptick in panel sales, but warned about imminent overcapacity as a result of ramped up production.

Are Chinese solar-panel makers winning?

Chinese solar-panel makers are winning with an unassailable lead: they now account for 80 per cent of global production capacity. But the cost of that victory is now looking too high. China dominates the solar panel sector’s entire supply chain. Prices, which are nearly two-thirds lower than US counterparts, have helped it to win market share.

Who makes the most solar panels in the world?

Longi Green Energy Technology Co. Ltd. (601012.SH), the world’s largest panel-maker, reported a 42% year-on-year jump in net profit to 9.2 billion yuan ($1.3 billion) for the January to June period, while JA Solar Technology Co. Ltd. (002459.SZ) saw its net income rise 183% to 4.8 billion yuan.

Should solar panels be made from original equipment manufacturers (OEMs)?

Over the past several years, multiple solar module manufacturers have shifted toward using original equipment manufacturers (OEMs) to make their modules (commonly called solar panels).

Why should you choose OEM solar panels?

Most notably, it can enable manufacturers to reduce their own costs as the OEM solar module manufacturers benefit from economies of scale in operating its factories, purchasing materials and hiring labor. That allows the solar panel companies to keep costs to homeowners affordable, while still maintaining a high quality.

Will China continue to dominate the solar industry?

China will continue to dominate global polysilicon, silicon wafers, solar cells, and module capacity. The Inflation Reduction Act marks a significant milestone for the American solar industry. It introduces tariffs and incentives aimed at bolstering domestic manufacturing.