“This year is really just about returning back to normal levels, rather than adjusting, per se,” Shane Sun, senior analyst and head of APAC at MAKE, tells Recharge, noting that annual growth in installations over the past two years has been unsustainably rapid.

“The investors — mostly the IPPs in China — do need to take a break and reevaluate their portfolios, investment strategies, going forward into the 13th Five-Year Plan (2016-2020).”

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