Why is the West so determined to compete with China’s sun sector? | Remodeling Industry
China controls the majority of the global manufacturing process for solar energy – a stark contrast to its position 15 years ago, when Europe was the sector’s unchallenged leader. The reason? A heavily subsidized industry and lots of government financing. As well as a sharp decline in costs for consumers. But Western nations decry an unfair market advantage. One Swiss solar panel maker is determined to stay competitive, by moving its manufacturing from Germany to the U.S. — where energy prices are lower and they can tap into incentives offered under the Inflation Reduction Act. Do they stand a chance? And is it so bad if China dominates the market?
00:00 THE RACE FOR SOLAR POWER
00:36 GERMANY LOSES ITS GRIP
02:07 HOW DID CHINA GET SO FAR AHEAD?
03:08 SOLAR PRODUCTION IN THE AMERICAS
08:06 IS IT SO BAD IF CHINA DOMINATES THE MARKET?
09:28 A BRIGHT FUTURE FOR SOLAR ENERGY
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#TransformingBusiness #Solar #China
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