China's Solar Giants: Prices Near Bottom, Production Rises
- China's solar giants predict prices have hit rock bottom, with Jinko and Trina expecting a rebound in global demand despite current market challenges.
China's solar panel giants, Jinko and Trina, believe that prices for solar panels have hit rock bottom and are unlikely to fall further. The current slump in prices is seen as "irrational" by Jinko Solar Co. Chairman Li Xiande, who stated that there is only a small probability that it will continue. The oversupply of solar panels in the market has led to record low prices and squeezed profit margins for manufacturers.
Despite the challenges, Jinko is optimistic about a rebound in global demand for solar panels, expecting a 20% increase this year. The company has already ramped up production in the second quarter and is operating its most advanced production lines at high rates. Trina Chairman Gao Jifan also noted that there is limited room for further decline in solar module prices. China, the world's largest solar market, is facing grid constraints that may impact new installations, with March installations down 32% from the previous year.
Are solar panel prices at rock bottom, according to China's Jinko and Trina?
- Jinko and Trina, China's solar panel giants, believe that prices for solar panels have hit rock bottom and are unlikely to fall further
- Jinko Solar Co. Chairman Li Xiande stated that the current slump in prices is seen as "irrational" and there is only a small probability that it will continue
- The oversupply of solar panels in the market has led to record low prices and squeezed profit margins for manufacturers
- Despite the challenges, Jinko is optimistic about a rebound in global demand for solar panels, expecting a 20% increase this year
- Trina Chairman Gao Jifan also noted that there is limited room for further decline in solar module prices
- China, the world's largest solar market, is facing grid constraints that may impact new installations, with March installations down 32% from the previous year.