It is gaining strong leadership in the solar industry by investing heavily in manufacturing and incentivizing installation.
Chinese companies like, Suntech Power Holdings, have succeeded in driving solar panel price reductions over the last six months by selling panels on the U.S. market below the marginal cost. Furthermore, China is circumventing protectionist legislation by constructing assembly plants in the U.S.
Evolution Solar is setting down roots in China to take advantage of this shift in the center of gravity for the solar industry. In the last century, the United States was the home of most television manufacturers. By the end of the century there were none left in America. They were all in Asia. The same is happening with solar energy and EVSO has positioned itself to be a resource to the green energy revolution from its new base in China.
China has made a commitment to solar and placed substantial funds behind that commitment, stated Robert Kaapke, CEO of Evolution Solar Corp. Talking about change is very different form actually changing; we want to be part of real change and that is why we are setting down our roots where real change is taking place.
Nearly all solar providers in America will source parts and components from China in the years ahead. EVSO expects to position itself to compete with producers, such as SunTech and Energy Conversion Devices for a part of this market.