The company says the reduction – which it describes as temporary – is in order to “right-size” its business against a background of global oversupply of PV equipment, and trade tariffs in the US and possibly Europe.

Suntech’s operational cell capacity will be cut to 1.8GW from 2.4GW following the part-closure at its plant in Wuxi, China.

Its module and wafer capacities will remain at 2.4GW