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Cheap Solar Part 2: How Solar Manufacturing Got Its Chinese Characteristics

The policy and industrial story behind China's solar dominance

2020-04-2015 min read
Archive Notice: This article was originally published on macropolo.org on 2020-04-20. MacroPolo was the Paulson Institute's in-house think tank (2018–2024). This archived version preserves the original research for continued citation and reference.

China produces over 80% of the world's solar panels. This dominance didn't happen by accident—it resulted from deliberate industrial policy, manufacturing scale-up, and aggressive cost reduction that transformed a Western-invented technology into a Chinese industry.

The Technology Transfer Phase

Chinese solar manufacturing began with foreign partnerships and equipment imports. Suntech and other early champions built capacity using German and American machinery, learning manufacturing processes that would later be indigenized.

Scale and Cost Reduction

Massive investment in manufacturing capacity drove costs down learning curves far faster than Western competitors anticipated. Provincial subsidies and cheap credit enabled expansion beyond what market signals would justify.

Current Dominance

Today, Chinese firms dominate not just panel assembly but the entire value chain— polysilicon, wafers, cells, and panels. This integrated control makes diversification by other countries extremely difficult.