Global Renewable Energy Demand Surges, PV panel manufacturers Rush to Tap Overseas Markets

Against the backdrop of global climate change, countries have intensified their efforts to utilize renewable energy in order to achieve carbon reduction targets. This trend has not only driven the rapid development of the photovoltaic industry but also revealed the vast potential of overseas markets to PV panel manufacturers.

Source: Media News

In recent years, with the continuous growth in global demand for renewable energy, photovoltaic panel manufacturers have witnessed development opportunities in their overseas business. Emerging markets in Asia, Africa, and Latin America, for instance, are rapidly rising and becoming significant sources of demand for photovoltaic panels.

In Qinghai Province, China, the Delingha 50MW Tower Molten Salt Energy Storage Solar Thermal Power Generation Project invested and constructed by Qinghai Yellow River Upstream Hydropower Development Co., Ltd. (hereinafter referred to as "Yellow River Company") serves as a typical example. Located in Delingha City, Haixi Mongolian and Tibetan Autonomous Prefecture, Qinghai Province, this project adopts internationally advanced tower molten salt energy storage solar thermal power generation technology, enabling 24/7 continuous and stable power generation, and providing a steady stream of clean energy to the local area. According to statistics, this power station saves tens of thousands of tons of standard coal annually and reduces carbon dioxide emissions by millions of tons, playing a crucial role in promoting the optimization of local energy structures and industrial upgrading.

the Delingha 50MW Tower Molten Salt Energy Storage Solar Thermal Power Generation Project
 - Source: Media News

In Kenya, Africa, a British photovoltaic manufacturer named "Solarcentury" has collaborated with local enterprises to jointly construct a solar power project. This project is situated in a remote area in northern Kenya, where power supply has always been a challenge due to its geographical location. The solar power station jointly invested and constructed by Solarcentury and its local partners has not only solved the electricity problem for local residents but also injected new impetus into Kenya's energy transition. According to Solarcentury, the successful implementation of this project has not only improved the quality of life for local residents but also promoted local economic development and employment.

Kenya project - Source: Media News

In Mexico, Latin America, the government has launched a policy called the "Energy Transition Plan," aimed at promoting the development of renewable energy. This policy has attracted investments from a large number of domestic and foreign PV panel manufacturers. Among them, Mexican photovoltaic manufacturer "Foton" has established a cooperation relationship with internationally renowned photovoltaic company "First Solar" to jointly develop a series of efficient and reliable photovoltaic products. These products adopt advanced thin-film photovoltaic technology, featuring high efficiency, low degradation, and low maintenance costs, not only meeting the demand in the Mexican market but also being exported to other countries.

Source: Media News

Facing such vast overseas markets, PV panel manufacturers have taken proactive measures to seize market share. On the one hand, they continuously enhance product quality and performance through technological innovation and industrial upgrading to meet the needs of different markets. For example, First Solar has developed photovoltaic modules that can adapt to harsh environments such as high temperatures and high humidity, improving product reliability and service life.

On the other hand, they actively establish cooperation relationships with local governments and distributors to jointly promote the implementation of solar power projects. Solarcentury has signed a series of cooperation agreements with the Kenyan government to jointly promote the development of local solar power projects. At the same time, they also actively cooperate with local financial institutions to provide financing support for users, lowering the threshold for users to purchase photovoltaic products.

Against the backdrop of the global renewable energy transition, PV panel manufacturers are contributing to global sustainable development by tapping into overseas markets. Their efforts have not only driven the rapid development of the photovoltaic industry but also injected new vitality into the optimization and upgrading of the global energy structure.