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pau864549 : China solar panel exports to ease on EU curb

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  • China solar panel exports to ease on EU curb (2013-08-07)
  • Major Chinese solar panel makers such as Canadian Solar Inc recorded buoyant shipments in the April-June period as they raced to rev up sales ahead of EU restrictions on Chinese exports, but sales have eased in the current quarter. Shipments from China, the worlds dominant solar panel supplier, will be capped at 7 gigawatt (GW) per year, around half of the EUs last year demand of about 15GW. Anticipating the restrictions, many Chinese panel makers scrambled to sell into Europe in the first half, with exports already reaching 6.5 GW, analysts say. Chinese solar panel sales to the EU reached 21 billion euros (US$217.6 billion) last year.    Photo by Imaginechina
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