Exponential Solar Growth of Chinese Companies

Rise in the demand for clean energy has led institutions and governments alike to increase investments as well as regulations in the progress & expansion of their solar sectors.  2013 marked China as the leading solar power manufacturer globally by a wide margin. In the upcoming years the country is planning an exponential increase in the utilization of solar power to be replacing traditional energy production methods by a colossal 80 percent. Such steps would not only reduce their carbon footprint created from power generation through fuel burning but would also decrease the overall cost of energy production manifold. This in turn would save millions of dollars which will then be invested in other projects for the purpose of economic development and national growth.

In addition, the increased competitiveness of Asian countries striving towards renewable energies have resulted in bringing the solar industry worth nearly 102 billion dollars back to profitability after almost two years of negative returns. In year 2013 China alone is credited for generating power equivalent to the output of 10 atomic reactors which is statistically 20.3 percent more than that of 2012.

Moreover, the installation cost of photovoltaic cells has seen to decrease drastically due to large scale Chinese manufacturing which has enabled and increased the reach of this incredible technology to a larger number of consumers comparatively.  Asia in general and China in particular has left European and US producers far behind in their race of adopting healthier energy production processes. Last year alone China was recorded to have installed PV panels which equated the combined amount of total solar power which is in operation within US. The steps taken by this most populous nation to achieve energy efficiency initiatives in order to reduce the overall electric demand would set an example for all other countries to follow.

Therefore, despite visible slumps within European markets the demand for solar power is witnessed to continuously increase. This demand is majorly met by Chinese suppliers and installation companies. A recent report carried out by WWF states that through complete adoption of energy conservation methods, China has the ability to demonstrate to the entire world that it is easily possible to thrust economic growth forward while simultaneously ridding the globe from air pollution, climatic changes and other potential harms. Thus achieving the ultimate vision; of sole dependency on renewable sources for power generation in the future.

About GreenShine: 
Greenshine New Energy, LLC. Specializes in developing and manufacturing customized solar lighting systems for a wide range of lighting applications. At Greenshine we specialize in solar street lights, garden lights, and lawn lights for outdoor applications. Our lights can be installed anywhere, especially areas where grid tied electricity is not available.