EnergyWatch

IEA warns of Chinese dominance in solar market

China is cementing its dominance across the solar value chain, being poised to increase its share of the market from 80% to 95% in just a few years. This threatens the global green transition, warns the IEA in new report.

Photo: Xue Lei/AP/Ritzau Scanpix/AP

China deserves praise for banking heavily on solar technology while the rest of the world hesitated. This has pushed down prices to a level that has rendered solar the cheapest source of renewable technology globally.

But the praise ends here, as China has also cemented its status as a dominating player in the market, nearly laying claim to the entire supply chain of materials needed for solar projects.

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