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Global solar panels for the first time in eight years will face a shortage

According to Bloomberg News, the photovoltaic industry is facing a looming global shortage of solar panels, which will be reversed global overcapacity caused by two years of industry malaise.

Previously, solar panel oversupply pushed prices continue to decline, making solar power more competitive and attract investors into the solar power market. However, it also makes a lot of businesses into bankruptcy trouble, investment funds wander outside the gate of this industry with hesitation.

However, this situation will now be reversed. It is reported that the demand for solar panels is expected to increase about 29 percent this year. This industry will usher the first gap since 2006.

Some companies are further expanding production. Canadian Solar CEO Shawn Qu believes that the solar industry is a cyclical industry, the industry is now approaching an inflection point.