The Chinese Ministry of Industry and Information Technology (MIIT) has issued a draft rule raising the minimum capital ratio for solar PV manufacturing projects to 30%.
China’s surge is not just a ripple but a tidal wave, with over US$450 billion in surplus factory investment threatening to flood the market over the next three years.
Global module prices are unlikely to fall much further and could begin to stabilise, the chairmen of two of China’s largest PV manufacturers, Trina Solar and JinkoSolar, have said.
Clean energy manufacturing – led by solar PV expansions – accounted for 4% of global GDP growth in 2023, according to a new report from the International Energy Agency (IEA).
Price of polysilicon decreased this week both for p-type and n-type materials with the former dropping below the historic low of US$6.75/kg reached in June 2020.
