GCPEF - First Solar: Opportunity Like Tesla | Valued Like Coal (Pt 4: Industry)
(Image Sources: Google Images)
INDUSTRY OVERVIEW
(Image Source: Shanghai Electric)
Of the top 10 largest PV manufacturers, 9 are Chinese companies, and one is South Korean with factories in Malaysia and China. First Solar, formerly a top 10 manufacturer, missed the cut but will likely return to the top 10 after its upcoming expansions. All of these manufacturers use various forms of c-Si technology to produce solar panels.
Needless to say, the industry is dominated by China. These Chinese players are part of a Chinese economic vision, their success is deeply rooted in the Chinese