Canadian Solar faces uphill battle against Chinese competitors

In the wake of SunPower’s exit from the manufacturing industry, spinning off operations to Maxeon, the global solar market is at a crossroads. Subsidies and tariffs, most notably from Trump’s US administration, have led to uncertainty in the industry. Chinese manufacturers have paved the way in innovation and cost reduction, undercutting international prices and putting pressure on global competitors. Some of these haven’t been able to take the heat, with European players like SolarWorld falling out of the market, moaning about lack of trade regulations. Despite this, the solar boom is set to continue. Even the IEA, which is famously pessimistic about the potential of solar, has predicted that PV solar will be the largest source of global power by…