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China’s Solar Giants Power Up New Panels to Drive Profits

  • Expansions essential to maintaining China’s competitive edge
  • Inflation eases in January to create more wiggle room for PBOC

China’s world-leading solar firms are investing in more powerful panels, as the industry seeks to recover from the supply-chain snarls that raised prices and delayed projects in 2021.

Three of the top five solar manufacturers globally have in recent weeks announced investment plans for 2022 that total at least 11.5 billion yuan ($1.8 billion), to build factories that each year can produce more advanced solar cells and modules capable of generating over 30 gigawatts of power.