China's Solar Industry Goes from Dominance to Oversupply

11 Oct 2024 CW Team

China's solar industry has become a global powerhouse due to strong state support and significant private investment, but it is now facing new challenges, including punitive tariffs from other countries and a fierce price war domestically. Officials gathering in Baku for the COP29 summit next month are hopeful that they can agree on new financial targets aimed at assisting developing nations in addressing climate change, particularly by moving away from fossil fuels.

Last year, countries reached an agreement to triple the global installed renewable energy capacity by 2030. China is currently installing nearly twice the amount of solar and wind power as all other countries combined and holds a dominant position in the market. It manufactures eight out of every ten solar panels and controls 80 percent of each stage of the manufacturing process.

Furthermore, China is home to the world’s top ten suppliers of solar panel manufacturing equipment, with related exports reaching a record $49 billion last year, as reported by Wood Mackenzie. Analysts attribute this supremacy to significant state support. The International Energy Agency noted that Beijing invested over $50 billion in new solar supply capacity between 2011 and 2022.

The industry has also benefited from access to inexpensive raw materials, easily accessible capital from state-owned banks, and a large engineering workforce. Lauri Myllyvirta, co-founder of the Centre for Research on Energy and Clean Air, a climate think tank, mentioned that Chinese producers were ahead of others in terms of cost efficiency.

Infrastructure Transport

16 Sep 2025

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..