Chinese-European solar co-operation a ‘Win-Win’ – PV experts
Experts and business representatives from the photovoltaic (PV) industry underscored during the just-concluded Intersolar Europe exhibition that co-operation between the Chinese and European solar sectors presents a “win-win” scenario.
Held from Wednesday to Friday in Munich, this event stands as the largest and most influential PV industry fair in Europe, spotlighting innovations in energy transition technologies.
Approximately 3,000 exhibitors displayed their latest PV modules, energy storage systems, and charging infrastructure products, attracting around 111,000 trade visitors globally. Notably, 976 Chinese exhibitors participated, marking China as the largest contingent for the first time, followed by Germany with 934 exhibitors.
Chinese company LONGI Green Energy Technology Co., Ltd. announced a breakthrough in photoelectric conversion efficiency, raising it to 30.1 per cent for commercial-sized silicon-perovskite tandem solar cells.
This advancement epitomises China’s leading role in solar innovation, which is critical for global decarbonisation efforts, according to Markus Elsaesser, founder and CEO of German Solar Promotion GmbH.
SolarPower Europe’s recent report highlighted significant growth in the European PV sector, with Germany installing 15 GW of new PV capacity in 2023—a 100 per cent increase year-on-year.
Spain, Italy, and the Netherlands also ranked among the top 10 PV markets globally. The report credited China’s significant investments for driving this global market expansion, stating that without China’s contributions, the growth would have been much more modest.
According to recent reports from the German Solar Association, over 60 per cent of German homeowners are interested in investing in solar power systems.
The PV industry in Germany is witnessing a surge in residential solar installations, signalling a growing trend towards decentralised energy solutions.
Axitec Energy, a leading European solar module provider, has leveraged partnerships with Chinese manufacturers to meet demand in Europe.
Attribution: Xinhua.
