Chinese Solar Photovoltaic Production Soars
However, the pace of growth has not proved entirely positive, with many solar panel makers struggling in the face of massive debts. China’s Ministry of Finance recently announced it will offer tax breaks to companies developing solar panels in an attempt to improve the situation.
Taiwan produces the second largest annual volume of solar panels worldwide with 5,025 megawatts in 2012. The United States in quite a large distance behind. After producing 1, 056 megawatts of solar equipment in 2011, this number fell to just 800 megawatts in 2012.
This chart shows annual solar photovoltaic production by country, 2002-2012