A solar panel factory in Jiujiang, China
Overcapacity looms in China’s solar PV sector
Government net-zero targets drive investment in solar panel production by new entrants and existing players, UBS analyst says
China’s solar PV industry is likely to face overcapacity this year as new entrants pile into the production of solar panel components, spurred by the Chinese government’s decarbonisation ambitions, an analyst at the UBS Greater China Conference in Shanghai said on Monday. China’s solar PV sector has grown increasingly alluring to outsiders since Beijing announced its “dual carbon” goals of peaking emissions before 2030 and then achieving net-zero emissions before 2060. The outlook for solar PV demand in China has arguably never been stronger, with Beijing aiming for non-fossil fuels to supply at least 25pc of the country’s primary energy mix by the end of this decade compared with 15.9pc in
Also in this section
28 November 2025
The launch of the bloc’s emissions trading system in 2005 was a pioneering step, but as the scheme hits 21 its impact as a driver of decarbonisation is still open to debate
18 November 2025
Vicki Hollub, president and CEO of Occidental, has been selected as the 2026 recipient of the Dewhurst Award, the highest honour bestowed by WPC Energy. The Dewhurst Award celebrates exceptional leadership, groundbreaking innovation and a lifetime of significant achievements in sup-port of the development and advancement of the energy industry.
11 November 2025
Transition policies must recognise that significant industrial demand for carbon will continue even as economies hit net zero
6 November 2025
After years of pursuing ideologically driven climate leadership, Western powers are now stepping back under mounting political pressure and rising populist opposition—prompting concern essential climate action could be sidelined
