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China Three Gorges Warns of Solar Slowdown on Covid Curbs

  • Polysilicon prices have risen to highest in over a decade
  • Rush to hit targets should still lift national installations
China’s solar industry has been forced to contend with a surge in the cost of a key material, polysilicon, to its highest level in more than a decade.

China’s solar industry has been forced to contend with a surge in the cost of a key material, polysilicon, to its highest level in more than a decade.

Photographer: Qilai Shen/Bloomberg
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One of China’s largest clean energy developers warned that solar installations will slow in coming weeks because of high prices and virus disruptions.

China Three Gorges Renewables Group, the wind and solar unit of China Three Gorges Corp., said there’s not much chance the company can install the large numbers of solar panels that are typical through the end of the year, according to a transcript of its earnings call released earlier this week. It cited a rise in module prices and the measures imposed to control China’s worsening outbreak of Covid-19 among the reasons.