On one hand, the innovations has been happening in the mechanical engineering and material manufacturing, a process which constantly needed new investments. On the other hand, the financial support was provided in China, according to Fraunhofer ISE reoprt. As the result of this investment flow and exploiting innovations, fell the cost of PV panels dramatically.
Since 2007, when Europe was still the market leader in PV production, efficiency has increased, productivity by 400% and global production capacity by 40 times. But, because of low turnover, European companies could not keep up and have therefore disappeared from the market. It should be noted that also in China many companies have disappeared from the market due to very high competitivity in the market.
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Date: Oct 02, 2019 @ 10:58
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