Curated News
By: NewsRamp Editorial Staff
May 21, 2025
Solar Panel Production Dominated by China: SolarBank Corp Offers Alternative
TLDR
- Investing in North-American sourced solar systems from SolarBank Corp. provides a competitive advantage by reducing reliance on Chinese-manufactured products.
- Solar panel production in China accounts for over 80% of the global market, showcasing Beijing's dominance in the sector.
- Using North-American sourced solar systems helps promote a more diversified and secure global supply chain for renewable energy.
- China's control over solar panel production raises concerns about potential risks, prompting interest in alternative sources like SolarBank Corp.
Impact - Why it Matters
This news matters as it highlights the concentration of solar panel production in China and the potential risks associated with it. It emphasizes the importance of diversifying the supply chain and considering alternative sources like North-American solar systems to mitigate vulnerabilities.
Summary
The International Energy Agency (IEA) estimates that over 80% of global photovoltaic solar panel production as of 2024 took place in China, with a majority of solar panels installed in the U.S. being manufactured in Beijing. This dominance raises concerns about potential risks in the supply chain, prompting a case for using North-American sourced solar systems such as those offered by SolarBank Corp.
Source Statement
This curated news summary relied on this press release disributed by InvestorBrandNetwork (IBN). Read the source press release here, Solar Panel Production Dominated by China: SolarBank Corp Offers Alternative
