Solar exec debunks 'overcapacity' claims
An employee works on a solar panel production line in Suqian, Jiangsu province. With persistent emphasis on technological innovation, China has fostered a robust and competitive solar power market, facilitating rapid growth of the new energy industry at home and abroad, said Li Xiande, chairman of JinkoSolar Holding Co Ltd, the world's largest solar panel producer by shipments. The global new energy industry is currently experiencing a scarcity of high-quality production capacity, rather than "overcapacity", Li said in response to recent claims that China's new energy sector has overcapacity, causing global price distortions. "China's sufficient production capacity has helped other countries and regions around the world reduce their burden, in terms of production costs and technological development," said Ma Yinqiong, a senior analyst covering materials supply chains with global consultancy Rystad Energy. In response to the growing share of renewable energy capacity and the deployment of electric vehicles, JinkoSolar believes energy storage will be a leading technology for energy transition investments over the next three years.
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