China's solar goes from supremacy to oversupply

Quick Summary:

Beijing invested over $50 billion in new solar supply capacity from 2011 to 2022, according to the International Energy Agency.

Solar curtailment rose four percent in the first quarter of 2024 from a year earlier, according to Fitch Ratings.

The price wars, which are so fierce that solar export earnings fell last year despite volumes hitting a new high, are like a "snake eating its own tail", warned analyst David Fishman.

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Article Details

Author / Journalist: AFP

Category: Business

Markets: IndiaChinaUnited States

Topics: Cop29 Solar Baku China Solar power

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-10 @ 10:00:17 (8 hours ago)

News Timezone: GMT +8:00

News Source URL: economictimes.indiatimes.com

Language: English

Article Length: 1476 words

Reading Time: 9 minutes read

Sentences: 43 lines

Sentence Length: 35 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Economic Times

News ID: 22974648

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About Economic Times

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Official Website: economictimes.indiatimes.com

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News Last Updated: 5 hours ago

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