New Energy
Chinese Solar Group Urges Faster Consolidation as Glut Deepens
- Financial troubles endangering product quality, CPIA says
- The association keeps forecast for strong 2024 installations
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China should push struggling solar manufacturers to exit the market as soon as possible to reduce severe overcapacity in a sector that’s vital to the energy transition, according to a major industry group.
Central and local government, financial institutions, and companies should coordinate to speed up industry consolidation, Wang Bohua, head of the China Photovoltaic Industry Association, said at a solar conference in Zhejiang province on Thursday.