Energy crisis in China affecting the green revolution in Australia

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October 14, 2021

Energy crisis in China affecting the green revolution in Australia

Most of the high quality solar modules are manufactured in China not just for the Australian solar market but to meet the solar demands across the globe. The premium Tier-1 ranked solar panels like LG, JinkoSolar, Trina solar all of them have their production houses in China. All these products are reliable and come with decent warranties from manufacturers and solar retailers. CEC approves the list of solar modules that can be installed at your property. These solar panels are tested, verified and listed on the basis of financial stability and reputation of the brand. 

We are all aware of the fact that at the moment China is going through the worst energy crisis it has seen in two decades.  The current ongoing issues in China have forced communication network cuts, closing of factories and power cuts, and thus leading to an increase in manufacturing cost of solar panel modules, solar inverters and other parts of solar systems.  You can choose to get the maximum benefit of best prices now with Arise Solar, instead of waiting and paying more in the near future, as prices are bound to upscale.

It’s bad news for China’s carbon emissions. Earlier, in November 2020, China’s president Xi Jinping pledged to peak greenhouse gas emissions by 2030 and reach net zero by 2060, emphasising the need for a “green revolution” However, current scenarios in China could have negative impacts on China’s environment and climate goals. China is the second largest economy of the world and the world’s biggest exporter since 2009. 

Effect on Solar Industry 

In an open letter reported by PV Tech, LONGi Green Energy, JinkoSolar, Trina Solar, JA Solar and Risen Energy have warned that owing to soaring materials and logistics prices, many signed orders will result in “serious losses” and “seriously endanger the… sustainable development of the industry”. The prices of solar hiked a bit in the beginning of the September month and with the ongoing crisis it seems the prices may go up a little more. The solar glass and polysilicon prices have seen a rise and are expected to increase due to the ongoing crisis in China. 

However, even if the prices hike, solar will still prove to be a worthwhile investment. But if you are considering installing solar, now might be a good time to take the advantage of the stock currently available with the retailers. The new stock shall arrive with the higher prices due to the crisis. Government is still offering a decent amount of subsidies on solar, so take advantage of it right away. Speak to one of our experts today to get the quote for your property.

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