A workers inspects photovoltaic modules on the workshop of Hengdian Group DMEGC Magnetics Co., Ltd. in Dongyang City, east of China’s Zhejiang Province, April 18, 2023. [Photo/Xinhua]
Chinese photo voltaic firms have the flexibility to mitigate dangers whereas sustaining their competitiveness within the worldwide market amid ongoing commerce disputes, as they step up efforts to diversify their international bag operations. -good years, say consultants and enterprise insiders.
A current resolution by the United States to impose extra tariffs on Chinese photo voltaic cells, based mostly extra on political posturing than financial points, can have restricted influence, as firms in Chinese photo voltaic is more and more altering its export market, establishing robust commerce relations with different international locations. all through Europe, Asia, Africa and Latin America, an govt of a home photo voltaic firm mentioned.
While commerce disputes are inevitable within the totally different improvement circumstances of various areas and international locations, Risen Energy has expanded its manufacturing capacities overseas, strengthening its stability. in opposition to international market fluctuations whereas growing international competitors, mentioned Leon Chuang, international advertising director of the photovoltaic producer.
“Risen Energy provides better significance to the developmental significance introduced by globalization, organising manufacturing amenities in different international locations to keep away from US tariffs,” he mentioned.
By increasing its enterprise world wide, Risen Energy is enhancing its worldwide competitiveness. The first section of the corporate’s battery part mission in Malaysia was efficiently applied not too long ago, whereas the corporate’s photo voltaic panels have been additionally exported to Mexico, Australia, Chile and Brazil.
Trina Solar Co Ltd, a Chinese photo voltaic panel large, can be actively growing its globalization technique to not solely enhance its abroad competitiveness but in addition strengthen its means to cut back abroad dangers. .
While firms can not management the dangers related to overseas commerce insurance policies, these with complete globalization methods and native operational capabilities will typically preserve a number one place in the identical coverage setting. , like this.
One analyst mentioned the diversification methods of those firms spotlight a broader development amongst Chinese photo voltaic producers, that are navigating the complexities of globalization to safe their positions in a extremely aggressive and unstable market.
The current focus within the United States and Europe on the dangers to different economies from China’s alleged overcapacity is misplaced and the criticism downplays the innovation of Chinese firms in key industries and favors the significance of State assist to drive their development, mentioned Lin Boqiang, the top of the China Institute for Studies in Energy Policy at Xiamen University.
The US shouldn’t be a serious export vacation spot for Chinese photo voltaic merchandise, and China has begun to diversify its export markets, he mentioned.
Last 12 months, China’s export of photovoltaic cells and modules to the US amounted to $3.35 million and $13.15 million, respectively. These two main photo voltaic merchandise accounted for under 0.1 % and 0.03 % of China’s whole export of photovoltaic merchandise, in response to the China Chamber of Commerce for Import and Export of Machinery and Electronic Products.
The criticism displays their concern that China’s PV trade will quickly dominate the worldwide market, which has seen vital benefits in expertise, costs and providers, because of years of large-scale improvement and technological advances. -again, mentioned Lin.
According to Liu Yiyang, deputy secretary-general of the China Photovoltaic Industry Association, the diversified improvement of China’s photovoltaic trade within the international trade chain will assist home photo voltaic firms address dangers extra successfully.
In the context of a worldwide power transition that reinforces robust demand for photo voltaic merchandise, China’s photovoltaic merchandise, with a powerful worth benefit, stay aggressive on the worldwide stage. , he mentioned.
According to Liu, the US market provides about 40 GW of latest put in capability yearly, which accounts for lower than 10 % of the full world market, and the extra considerations of China’s photo voltaic capability development is because of the fast development of China’s photo voltaic trade. .
The improvement of China’s photo voltaic sector is crucial for making certain a secure provide of photo voltaic merchandise to fight international local weather change, making solar energy one of the cost-effective supply of power for a lot of international locations and areas world wide, he mentioned.
