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
and
1.6GW
respectively.
The
decision
marks
a
blow
for
the
Chinese
solar
manufacturing
industry,
which
has
hitherto
mostly
been
spared
the
type
of
mass
layoffs
by
flagship
companies
Log in to read complete article.
