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Energy

China's solar panel supply chain domination cause for worry: IEA

Paris-based agency warns of 'considerable vulnerability' to overdependence

China's dominantion of the global solar panel supply chain is raising concerns about overreliance on a single source, according to an International Energy Agency report released on July 7.   © AP

TOKYO -- China's domination of global solar panel markets has resulted in a vulnerable supply chain that threatens to become too reliant on the country, the International Energy Agency has warned in a report.

Over the last decade, solar panel manufacturing capacity has increasingly shifted to China from Europe, Japan and the U.S., according to the IEA report released Thursday. China now holds a market share in excess of 80% for all manufacturing stages of solar panels, more than double its share of global demand, it said.

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