Industry Analysis & Industry Trends
The still immature Solar Power Generation industry has been developing rapidly. Industry revenue has been rising at an annualized rate of 78.2% over the five years through 2016 to total $3.3 billion.
Rising household demand for electricity in China has led to several power supply shortages over the past few years, which has stimulated demand for solar power generation. In addition, a reliance on imported oil and gas resources for power and increasing environmental consciousness have led to a strong government focus on the development of renewable energy, especially solar power. By the end of 2015, the total installed capacity of solar power generation increased to 41.58 gigawattes, which accounted for 20% of totals in the world.... purchase to read more
Industry Report - Starting a New Business Chapter
New enterprises must invest significant funds in technology, raw materials and equipment to establish new solar power plants.
The establishment, operation, maintenance and power generation are all complex processes. Enterprises with more experience will be capable of handling problems more easily.
Government regulations on new companies are stringent. New enterprises must be approved by the State Electricity Regulatory Commission after strict verification of their ability to generate electric power with the necessary equipment and their conformity to environment protection regulations... purchase to read more