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QINGDAO TODAY
在线翻译:
szdaily -> Business -> 
Govt. to restrict expansion of solar equipment producers
    2020-06-01  08:53    Shenzhen Daily

THE government intends to impose restrictions on expansion of solar equipment production to tackle overcapacity in the industry in the face of falling domestic installations, a draft plan issued by the country’s industrial ministry showed Friday.

“(We will) strictly control the solar equipment manufacturing projects whose solo purpose is to expand capacity,” the Ministry of Industry and Information Technology (MIIT) said.

China, the world’s biggest manufacturer of photovoltaic products, had silicon wafer production capacity of 173.7 gigawatts (GW) by end 2019, accounting for 93.7 percent of the world’s total, according to China Photovoltaic Industry Association.

It also took 77.7 percent of the world’s solar panel production capacity, 69.2 percent of photovoltaic modules capacity and 69 percent of polycrystalline silicon capacity in 2019.

Overcapacity is expected to exacerbate alongside the drop of solar station installation in China, which saw new installed solar power capacity fall 32 percent in 2019 from a year earlier.

But the MIIT said it will encourage solar manufacturers to cut production costs through technology innovation.

Eligible solar equipment producers in China will have to invest at least 10 million yuan (US$1.4 million) every year into research and development, and have to utilize at least 50 percent of their designed capacity each year, according to the MIIT draft.

The MIIT also set standards on energy and water consumption during solar equipment manufacturing and quality criterion for solar panel efficiency.

(SD-Agencies)

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