Caixin
Sep 06, 2023 06:19 AM
TECH

Caixin Explains: Why China’s Solar Giants Are Getting Even Bigger

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A worker is making PV modules at a factory of Jiangsu Xinyuan Solar Technology Co. Ltd. in Huaian, Jiangsu Province, on Sept. 5, 2023
A worker is making PV modules at a factory of Jiangsu Xinyuan Solar Technology Co. Ltd. in Huaian, Jiangsu Province, on Sept. 5, 2023

China already controls more than 80% of the global solar market, but the country’s largest panel makers are still doubling down on their investments with expansion plans up and down the supply chain.

Betting on soaring demand for clean energy, Chinese solar companies are aggressively expanding both at home and abroad. Here are four things to know about whether their ambitions are justified.

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