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China made so many solar panels that even its own grid can't support all the energy produced
China doesn't have enough storage or transmission capacity for all the solar energy it's producing, Reuters reports.
China's facing its own overproduction problem at home following a breakneck pace of growth in solar energy — one key pillar of the country's"new three" economic drivers. Given the oversupply at home, this development points to one possibility that won't be welcomed by the West: China continuing to dump its excess solar panels on the international market. In March, Longi Green Energy Technology, the world's largest solar-cell manufacturer, announced it was laying off thousands of workers amid overcapacity and low prices.
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