China has introduced stricter investment guidelines for solar PV manufacturing to address overcapacity and promote quality control in the sector.
China is tightening the investment criteria for solar products manufacturing in a bid to rein in the overcapacity that has plagued the sector in recent months. The Chinese industry ministry on Wednesday issued final – but not binding – investment guidelines for solar PV manufacturing projects. The local industry has been calling for government intervention to curb the booming solar manufacturing.
Companies are looking to survive in the race to the bottom in China’s solar component market and some are skimping on quality and testing. The Chinese solar panel market remains oversupplied and this glut could last up to two more years, Longi Green Energy Technology said in July. The company, which is one of the world’s top solar panel manufacturers, warned it would book a loss for the first half of 2024, amid a fierce price war and overcapacity in the sector.
Solar Energy Solar Panels Overcapacity Investment Criteria Price War Quality Control Manufacturing Solar Industry Market Glut
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