Follow us :

industry expansion

sourceNews China

time2012/11/26


Pascal Gasunzu, Burundian Ambassador to China

Pascal Gasunzu, Burundian Ambassador to China

Patrick Olusola Onadipe, Nigerian Ambassador to China

Patrick Olusola Onadipe, Nigerian Ambassador to China

  Photovoltaics, or PV for short, is a method of converting solar energy into electricity. China's industry has been suffering since late last year due to anti-dumping and anti-subsidy investigations by the US and European countries.

  So the country is looking to Africa for growth and cooperation. Industry experts and diplomats from the two sides have gathered in Beijing to discuss how to bring it about.

  China's photovoltaic industry wants to expand.

  So it's looking to emergng markets.

  Africa's energy situation as well as its sunny climate offer favorable conditions for the growth of the solar power industry.

  Many African countries, are welcoming China to develop the PV industry.

  Pascal Gasunzu, Burundian Ambassador to China, said, "The Chinese solar power industry is developing really fast, and it's cheaper than many of the European countries."

  Patrick Olusola Onadipe, Nigerian Ambassador to China, said, "The Chinese investors in solar energy are already leading the other enterprises investing in Nigeria.It only needs for them to link the fellow private investors in Nigeria. And find a way with the government and then help people there and help themselves ."

  The Chinese PV industry has taken off in recent years. It has the resources and technology for low-cost, high quality products and effective service.

  In recent years, some African countries have begun supporting new solar power system strategies and they have forged strong ties with the Chinese PV industry. However, experts warn that entering the African market hasn't been as easy as planned, there are some financial risks involved.

  Li Junfeng, Director General, Nat'l Ctr. For Climate Change Strategy & Int'L Coop., said, "In order to reduce the financial risks, we should encourage more international cooperation such as with the African Bank and the World Bank. And start from the actual need of the local people."

  Slumping demand and falling polysilicon prices have been taking their toll on the Chinese industry,

  So have recent anti-dumping and anti-subsidy investigations from the US and Europe.

  Still, experts say, going to Africa is not the only solution.

  They say China must expand domestic demand, promote company mergers and encourage industrial innovation to keep the power on.