Solar panel system

Reform of Global Traditional Energy Structure Planning – China’s Photovoltaic Global Market Share Surges

The global energy structure is changing, and it is expected that by 2050, the proportion of clean energy in power generation will increase from the current 30% to 90%, the proportion of solar and wind energy has reached 70%, and the demand for overseas new energy products has skyrocketed. Opportunities continue to emerge. The energy crisis has gradually spread around the world. The price of oil has soared, and the price of bulk goods has also risen. Overseas markets, especially the European and American markets, have seen significant growth in clean energy products.

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The business opportunities in the new energy industry at the international station are growing rapidly. Household rooftop photovoltaic, achieving 100% business growth; The wind power generator category saw a 52.7% increase in business opportunities. Among them, Germany, Italy and other European countries have the most significant procurement growth rates. As Europe accelerates its green transformation, the photovoltaic industries of Spain and Portugal are optimistic about the prospects for cooperation with Chinese companies in the field of solar power generation.

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The solar power plant located in southwestern Spain is the largest operational photovoltaic power plant in Europe, built and operated by the Spanish Electricity Company. It was put into operation last summer and uses all solar panels from China.

Spain is the second largest solar power generation market in Europe. According to a report released by the European Solar Industry Association at the end of last year, the total installed photovoltaic capacity in Spain is expected to reach 26.4 gigawatts by the end of 2022, with an additional 7.5 gigawatts added last year alone. Data shows that in 2022, the EU added 41.1 gigawatts of new photovoltaic installed capacity, an increase of 47% compared to 2021.

The Secretary General of the Spanish Photovoltaic Association stated that the quality and cost advantages of Chinese photovoltaic products are evident to all, Spain mainly imports inverters and photovoltaic panels from China, which are highly competitive.

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Portugal is also a major importer of Chinese photovoltaic products. The CEO of the Portuguese Renewable Energy Association stated that Chinese made photovoltaic panels account for about 85% of the market share in Portugal, and have obtained the highest quality certification and recognition from power companies, financing institutions, and others.

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MULTIFIT Company, as a national high-tech enterprise in China dedicated to the research and development, production, sales, and photovoltaic power station construction services of green energy such as solar power generation for over 20 years,we aim to make innovative breakthroughs, continuously develop high-quality and efficient products to serve users, and lead the formulation of industry standards and high-quality development.Focusing on the needs of end users, continuously polishing products and services, and firmly leading the upgrading and development of the photovoltaic industry with quality. Committed to becoming a leader in photovoltaic smart energy solutions, assisting in the transformation of new power systems, and creating a beautiful zero carbon new world.

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The company’s products have been exported to more than 50 countries worldwide, with rich domestic and foreign solar system cases. We customize solar systems and their accessories according to customer needs. The solar inverter developed by the company has received unanimous praise from global customers. Solar inverters, as an indispensable part of solar power generation systems, are very important, Its main function is to convert the direct current energy absorbed by solar panels into alternating current, which can be used by terminals or stored in batteries. Only the solar energy processed by the solar inverter can be output and used externally. Our company continuously develops and innovates, the inverter has advantages such as high conversion rate, low noise, stability and reliability, and rich functions. It also has independent patented technology, which has a high cost-effectiveness.

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MULTIFIT Company will continue to uphold the corporate mission of “developing solar energy for the benefit of all mankind”, continue to invest in research and development efforts, promote innovation and development of photovoltaic technology, continue to provide more competitive product solutions and high-quality services to global customers, and contribute wisdom and strength to building a zero carbon world.


Post time: May-18-2023

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