The FIT will likely fall between 1.09 yuan and 1.5 yuan per kilowatt-hour of electricity produced at large-scale photovoltaic (PV) arrays, and will be in place by the end of the year, predicts Suntech chairman Zhengrong Shi.
Shi’s prognosis comes in the wake of an 81% decline in Suntech’s quarterly earnings. Suntech’s net profit of $10m in the second quarter compares to the $52.3m
