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在线翻译:
szdaily -> Business/Markets -> 
Solar power capacity installed down 18%
    2019-01-18  08:53    Shenzhen Daily

CHINA put just over 43 gigawatts (GW) of new solar generation capacity into operation in 2018, down 18 percent from a year earlier, an industry group said Thursday, after a government move to curb new capacity and ease a subsidy payment backlog.

The new generation took the country’s total installed solar power capacity to more than 170 GW by the end of the year, the China Photovoltaic Industry Association (CPIA) said.

China said last year that it would suspend new projects after a record 53 GW capacity increase in 2017 left it struggling to find spare grid capacity and pay a renewable subsidy backlog reaching over 140 billion yuan (US$20.69 billion) last year.

China is also aiming to gradually phase out direct financial support to the solar industry after a decline in costs, announcing last week that it would launch a series of new subsidy-free projects.

But solar manufacturers are already feeling the pinch, and warned last year they were facing closure after a surge in new production capacity in previous years sent component prices plummeting.

“Facing a lot of complicated domestic and overseas trends, the sector as a whole is under big pressures and substandard producers are expected to promptly exit the market,” said Wang Bohua, CPIA vice-chairman. (SD-Agencies)

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