China has taken a giant step in becoming the global leader in solar power industry. The meteoric rise of China outsmarts the dominance of the U.S. companies that used to rule the solar equipment world. Now, China is the main player and the companies from all over the world are looking forward to make deal with the Chinese solar equipment manufacturing companies for sourcing renewable energy products and equipment.
The Solar Panel Manufacturing industry in China has been developing quickly. Years of proactive government policy in renewables meant China met its 2020 solar power targets three years early, leaving it free to export the excess production. According to the International Energy Agency (IEA), the country installed more than 34 gigawatts of solar capacity in 2016 – more than double the figure for the US and nearly half of the total added capacity worldwide that year. Early figures for 2017 show China has added another eight gigawatts in the first quarter alone.
Why it is beneficial to import solar equipment from China-
The world’s largest producer and exporter of solar panels is China. There are about 3000-panel dealers on Ali Baba alone. Moreover the greater part i.e. nearby 91% is situated in Zhejiang, Jiangsu and Guangdong area. All over the world, companies turn to the solar equipment suppliers from China for importing.
- The Chinese solar equipment and panels are not only cheap but also of good quality. Solar panel suppliers in China produce goods according to a pre-determined set of goods terms.
- As the renewable energy sector will rule the world in the coming years, it is good to start early and gain business proficiency in solar equipment dealing. It will put you a step ahead from your competitors.
- Most frequently, the premier producers in China already have importing partners so better select mid-level corporations. You could get quality product at an affordable price.
- The U.S. and the European countries have different kinds of certificate request, you could confirm that first with your Chinese solar equipment supplier and if they can meet all your request, you could order to that factory.
While most Chinese solar panel suppliers offer all system components you may need, never take for granted that these components are compliant with the regulations in your country. Many suppliers are unaware that components used in Chinese solar installations aren’t compatible with regulations and standards in other markets.
According to some veterans in the U.S. solar industry, China bought solar companies and invited others to move to China, where they found cheap, skilled labor. Instead of paying taxes, they received tax credits.