The devaluation of the yuan is being felt in the renewables industry, particularly in solar manufacturing industry as overcapacity has depressed solar panel prices. Despite making Chinese solar panel prices the most competitive in the world, ongoing trade disputes with the US and US International Trade Commission mean Chinese manufacturers cannot capitalise on increasing demand.
The devaluation of the yuan is being felt in the renewables industry, particularly in solar manufacturing industry as overcapacity has depressed solar panel prices. Despite making Chinese solar panel prices the most competitive in the world, ongoing trade disputes with the US and EU mean Chinese manufacturers cannot capitalise on increasing demand.