Glowing year for the solar power sector

Photovoltaic firms make rapid strides in component exports as demand rises

China saw its photovoltaic product exports reach a five-year high last year, thanks to rising demand of production capacity abroad and the end of the European Commission's anti-dumping measures.

The total export of photovoltaic products reached $16.11 billion in 2018, the highest since the EU's decision to scrap minimum import price restrictions on Chinese products. Total capacity of all the exported components hit 41 gigawatts, a year-on-year increase of 30 percent, according to the China Photovoltaic Industry Association.