Financial crisis Paves the Way for Chinese Solar Giants
Financial Crisis Paves the Way for Chinese Solar Giants
Sales of Chinese solar modules, which accounted for nearly one third of the global market share, were shadowed in the wake of the financial crisis. However, what did not kill the Chinese companies made them stronger, especially in terms of product cost and market access.
Most of the top solar modules manufacturers in China had recovered as of the second half of 2009, according to Sean Tzou, the chief operating officer of Trina Solar Limited, a NYSE-listed Chinese solar photovoltaic company.
Along with sales recovery, the Chinese may have grabbed more market share from their international competitors. “Trina’s global market share is estimated to have reached 6 to 7 percent in 2009, up from 3.5 percent in 2008, ” said Tzou. “We also estimate that Chinese solar module manufacturers, including Taiwan, answered over half of the world’s demand in 2009.”
