Chat with an Expert
Chat with an Expert

China Manufacturing & the Solar Power Industry

As it stands, China manufacturing has a huge global impact on the Solar Power Industry. Experienced liaison companies like ITI Manufacturing, maintain an active role in staying up-to-date on industry trends. The 2017 Solar Power International Conference will take place in Las Vegas on September 10th – 13th. Solar Power companies from around the world will gather to display their newest technology, and attend seminars about the state of this rapidly growing industry.

Industry Trends

Solar energy development, as well as the number of installations, continues to expand and grow. The cost per kilowatt hour (kwh) has come down to the point that, in certain instances, the case can be made that solar power is less expensive than energy from nuclear or coal sources. China has made a significant investment in solar power, not only with its China manufacturing expertise, but within its own infrastructure.

China installed more than 34 gigawatts of solar capacity in 2016 alone. Reasons for this rapid expansion are the falling costs of solar cells, as well as the Chinese government’s belief in solar being the power source of the future. SolarPower Europe predicts the solar boom will continue for the foreseeable future with solar output expected to triple by the 2020s.

China as a Solar Power Leader

China manufacturing is a leading force behind solar power’s growth. Last year, close to 45% of new solar installations were installed there. China is the top adopter of solar technology. The Chinese government has made significant investments in the technology, due to a belief that solar energy will be a cornerstone of the world’s future power supply.

Falling Prices are Spurring Growth

The solar industry’s growth continues to increase as the cost of solar technology declines. One amazing story is in May of this year, Tucson Utility signed an agreement for solar power that is reported to cost less than $0.03 per kilowatt hour.  You can read the story here:  https://cleantechnica.com/2017/05/24/tucson-utility-inks-deal-solar-power-costs-less-3-cents-per-kilowatt-hour/ .  According to a SolarPower Europe report, electricity from a large solar plant made in China costs less than half of that from a nuclear or coal fired plant.

An Unstoppable Force

The United States, China, and other Asian countries have been primarily responsible for the growth of solar power.  That trend is expected to continue. During the next five years China is expected to increase its solar power output by 200% or more. World governments are increasingly showing awareness of the advantages of solar power as shown by the Paris Climate Agreement of 2015. The belief in this increased awareness will help China manufacturing and the solar industry continue its rapid growth.

ITI Manufacturing has deep roots in the China manufacturing culture. We are headquartered near Houston, Texas and are a licensed, registered business in China. With our many offices spread across mainland China, and our full-time, dedicated, China-based staff, ITI has the expertise and experience to help your company take full advantage of China manufacturing’s solar expertise.

ITI Manufacturing will be attending the upcoming 2017 Solar Power International Conference in Las Vegas, Nevada.  Contact Mike Stewart at 855-912-7758 during the show if you would like to discuss your company’s unique situation and learn how ITI can help. Prior to or after the show, you can contact Mike at 281-242-7030, Ext. 18, or via email at [email protected].

Visit: https://www.solarpowerinternational.com/ to learn more about the 2017 Solar Power International Conference.

By | 2017-08-22T11:55:45+00:00 August 22nd, 2017|Chinese Manufacturing|

Like the article? Share it!