China’s decision to curb solar power capacity growth and cut subsidies will help the sector focus on quality rather than quantity and ease the financial burden on the government, an energy official said in an interview with state news agency Xinhua.
The country’s planning agency said at the beginning of the month that it would cut subsidies and approve no more than 30 gigawatts (GW) of new capacity this year as it tried to ensure that grid tranmission capabilities could keep up with the vast number of new projects being commissioned.
But China’s solar panel manufacturers last week urged authorities to rethink the plan, saying it would damage the sector at a critical time in its development.
Some manufacturers were already facing closure as a result of overcapacity, Wang Bohua, vice-chairman of the China Photovoltaic Industry Association, said in April. Read More