4 Tweets Dec 09, 2022
China is the Saudi Arabia of renewables. Chinese solar-panel dominates global exports. 9/10 biggest exporters are from China.
9/10 paneslhttps://www.caixinglobal.com/2019-01-24/chinas-solar-panel-makers-dominate-global-exports-101374069.html
The only non-Chinese solar-panel producer in top 10 is South Korea’s Hanwha Q Cells Co. Ltd.
President Biden removed tariffs for Cambodia, Malaysia, Thailand & Vietnam (China tariffs still on) but Chinese solar-panel producers to gain anyway...
Why?
caixinglobal.com
Products from Southeast Asia made up about three-quarters of America’s total PV imports in 2020.
And? Well, many producers in these four countries are backed by Chinese companies.
And US buyers may stockpile imported PV modules and cells during the 2-year reprieve.
As demand for renewables heat up thanks to the rapid increase of fossil fuel prices, who wins?
Chinese producers that report a surge in prices helping boost profits.
caixinglobal.com

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