China PV sector crunch 'is slowing'

Big players such as Trina account for less than 60% of output between them

Big players such as Trina account for less than 60% of output between them

Those in the PV industry who are counting on a vast number of future bankruptcies among Chinese module makers may be left disappointed, with an expert suggesting the pace of consolidation may be slowing considerably.

Sicheng Wang, senior researcher at China’s powerful National Development and Reform Commission (NDRC), says more than half of the 85 or so existing Chinese module makers may still be in business at the end of 2015 – an alarming prospect for non-Chinese companies still struggling to keep their head above water.

Some experts believe that the PV industry can support no more than a dozen or two module makers globally on a sustainably profitable basis.

While more bankruptcies are undoubtedly coming this year and next in China, they will be at least partially offset by new Chinese companies entering Log in to read complete article.

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