From Consumer to Competitor: How China Views India's Photovoltaic Rise
- In the past few days, the Chinese internet has been abuzz with news of India ‘stealing’ businesses from China, this time in the photovoltaic (PV) space.
- India’s photovoltaic module production capacity has “skyrocketed” from less than 10 GW in 2018 to 172 GW in 2026 (almost on par with global annual installation capacity), registering a 17-fold increase over eight years.
- Meanwhile, in China, leading photovoltaic companies have been reporting record-breaking losses totalling tens of billions of yuan since the fourth quarter of 2023, falling into the deepest quagmire of losses in history.
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- In the past few days, the Chinese internet has been abuzz with news of India ‘stealing’ businesses from China, this time in the photovoltaic (PV) space.
- India’s photovoltaic module production capacity has “skyrocketed” from less than 10 GW in 2018 to 172 GW in 2026 (almost on par with global annual installation capacity), registering a 17-fold increase over eight years.
- Meanwhile, in China, leading photovoltaic companies have been reporting record-breaking losses totalling tens of billions of yuan since the fourth quarter of 2023, falling into the deepest quagmire of losses in history.
Sources: Orfonline