Enterprises engaged in solar power generation

Who is solar energy group?

The Group is an integrated supplier of PV power plant construction and operation business, solar energy product production and manufacturing business, solar energy storage and optoelectronics integration business, and is committed to the development and operation of other clean energy businesses.

How big is the solar energy industry?

Today, solar energy is a multi-billion-dollar industry. And according to Precedence Research, the solar energy market is estimated to be valued at a whopping $368.6 billion by 2030. But it’s not just the industry’s economic weight that makes it one of the fastest-growing sectors.

How do solar PV companies benefit from government support?

Similar to other industrial sectors, solar PV companies have benefited directly and indirectly from government support, including subsidies, reduced energy and land prices, access to capital, and research funding, which gave them a significant competitive advantage in the global market (Gang, 2015; Zhang & Gallagher, 2016).

Is China a leader in solar energy technology?

Over the past 20 years China has emerged as the world leader in solar energy technology. At the end of 2019, China’s total installed capacity of solar PV power made up 204 GW of energy.

Why did China promote the solar PV industry?

The solar PV industry (as well as wind power) was supported and promoted with the explicit aim to create a leader in the global renewable energy market and to export equipment made in China to the promising solar markets in Europe and in USA. China’s government wanted to take its export-oriented, “factory of the world” economy to the next level.

How will solar PV & wind impact global electricity generation?

The share of solar PV and wind in global electricity generation is forecast to double to 25% in 2028 in our main case. This rapid expansion in the next five years will have implications for power systems worldwide.