China is leading; no surprise there

       China begins to expand the most towards the $77 billion solar energy industry and is being featured as providing global solar installations to a heaping record. Recent researchers have claimed that this new generation capacity has reached estimating 14% this year to 34.1 gigawatts, whereas in the previous year, it was 4.4% growth due to the government subsidies being cut in Italy and France.
       After constructing many factories, China has been able to cut solar panel prices down 20% in the past year and, in turn, has become the largest consumer of the devices. These price cuts essentially are helping many installers such as SolarCity Corporation, SunPower Corporation while also drastically hurting manufacturers including LDK Solar Company of China and Norway's Renewable Energy Corporation.
        Studies are proven that solar demand is steadily increasing in its growth as European markets slump for SolarCity and SunPower have indeed been gaining 38% and 109% of installations. These low-cut prices may be driving many installations to be done but they are not aiding manufacturers much help in terms of their profit margin cuts. As China had opened many factories and the prices for solar panels dropped, manufacturers' profit margins crashed, stock markets drastically changed and, in result, pushed companies into the option of bankruptcy.
       Even Germany, which has been the country that prospered in being known as the largest solar market in 2013, may be getting unsettled by the thought of China possibly taking over the reputation. However, many sources have claimed that projects have been multiplied in providing financial aid services to its fellow solar companies in a bid to help diversify Germany. Shi Dinghuan, government advisor, has commented that China plans to install 35 gigawatts by the year 2015, compared to a previous goal of 21 gigawatts.

Employees assemble photovoltaic panels (solar panels) at SunTech Power Factory