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March 19, 2011While Chinese pure play solar panels companies have already captured a majority of the global solar module market,the entry of newer Chinese players into the solar energy market refused to stop.China’s 5 largest state owned utilities have already made their presence felt in the Chinese domestic solar installation market by bidding extremely low to win projects under the Chinese Solar Subsidy program.Automotive companies like BYD have also announced a big investment into solar panel manufacturing while Hanlong and Bluestar Groups have decided to invest in the CPV and Polysilicon sectors respectively.
Now Chinese Linuo Solar Energy Group (listed which is the biggest solar tubing glass manufacturer worldwide has decided to enter the Solar Panel Industry by building a gigawatt scale factory in Jinan, China.This 700 MW plant is to be expanded to 2000 MW in 2-3 years which would make it one of the biggest solar panel players in the world.Note Linuo Group is one of the largest producer of borosilicate glass products with more than 13000 employees.For the company entering the solar panel sector is a natural extension of its core business.The Linuo group is the biggest share holder of Linuo Solar Energy. Linuo Solar claims a market share of 58 % among all solar glass tubing manufacturers in China.