ANALYSIS: US PV firms' 'big deals' mean little in China for now

Western solar companies have every reason to lust after the Chinese PV market.

One can imagine the raised eyebrows within the ranks of major Chinese PV manufacturers when First Solar and SunPower ran to the markets last week brandishing new “deals” in China.

First Solar’s announcement in particular oozed with public relations speak, touting the 2MW order with a local partner in Xinjiang province as an “important step forward in [its] efforts to support China’s renewable energy goals”.

More substantially, SunPower will spend $15m buying a quarter-share of a new joint venture that will manufacture and deploy its C7 concentrator technology in China.

But surely both US-based companies know these deals won’t amount to much – at least not any time soon.

First Solar is acutely aware of just how easy it is…

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