The Sino-European PV dispute has finally reached a resolution, marking a significant milestone for the global solar industry. The European market is now less reliant on the formal enforcement of the China-EU price commitment agreement. Starting from August 6th, Chinese PV companies that took part in the negotiations and signed agreements will no longer be required to pay up to 47.6% in anti-dumping duties. According to insiders, 94 Chinese firms have entered into these agreements, while others remain subject to the full duty rate.
Meng Xianyu, vice chairman of the China Renewable Energy Society, highlighted that the European market once accounted for 70%-80% of China's total PV exports. He emphasized that the successful negotiation between China and the EU holds great significance for both the domestic industry and participating companies.
Jinko Energy’s Global Brand Director, Qian Jing, noted that Europe accounts for about 30%-40% of Jinko’s business, making it a crucial market. While the company expects its European market share to decrease to 20%-30% as domestic and other international markets grow, the region remains highly important.
According to sources, the negotiated quota for solar panel exports to the EU is capped at 7GW (7 million kilowatts), which is lower than China’s annual 10GW target. This has led experts to suggest that the domestic market could become a key focus for many Chinese PV companies, helping reduce their over-dependence on foreign markets.
The allocation of this quota has become a major concern for Chinese PV firms. Sources revealed that the distribution will follow three principles: 60% based on actual export volumes between July 1, 2011, and the end of 2013; 30% to reward companies actively involved in the "double-reverse" negotiations; and 10% reserved for small and medium enterprises.
With the European market returning, Chinese PV companies are gaining more confidence in the future of the industry. However, as the domestic photovoltaic market expands and other international markets develop, companies are re-evaluating their market strategies.
Qian Jing also pointed out that China is poised to become the world’s largest PV installation market, offering vast development opportunities. Jinko Energy plans to invest more in the domestic sector, and several other industry leaders have expressed similar intentions. Currently, the domestic market contributes 20%-30% to Jinko’s overall performance.
Qian believes that now is the right time for China to accelerate the growth of renewable energy sectors like photovoltaics. With advanced technology and cost advantages, along with strong government support, China is well-positioned to play a leading role in the global transition to clean energy.
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