China unleashed the full might of its solar energy industry last year. It installed more solar panels than the United States has in its history. It cut the wholesale price of panels it sells by nearly half. And its exports of fully assembled solar panels climbed 38% while its exports of key components almost doubled.
Get ready for an even bigger display of China’s solar energy dominance.
While the United States and Europe are trying to revive renewable energy production and help companies fend off bankruptcy, China is racing far ahead.