China acts on PV production growth

The Chinese government has unveiled new regulations designed to rein-in expansion of the country’s solar manufacturing sector.

China’s Ministry of Industry and Information Technology said companies must invest at least 3% of their total sales, or a minimum of 10m yuan ($1.6m), on research and development.

There are also new rules covering capacity addition, product certification, supply and service capabilities, and minimum performance levels for modules produced.

Analysts said the regulations are part of a wider attempt to deal with a surplus capacity of lower-end products.

The regulations will also prod the country’s larger players in the direction of expansion via merger and acquisition, rather than simply adding capacity.

China’s ruling State Council decided Log in to read complete article.

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