China Seen Canceling Subsidy for Largest Solar Projects

China Seen Canceling Subsidy for Largest Solar Projects

Tomohiro Ohsumi/Bloomberg

Solar panels mounted on lamp posts stand at the Sino-Singapore Tianjin Eco-city in Tianjin. Even with solar subsidies, which began in China in 2009, photovoltaic manufacturer’s profit margins have been crushed after the $75 billion solar-components industry built too much factory capacity in the past two years.