Cleaner Tech
China’s Solar Makers Rally as Group Calls for Rational Prices
- Industry association recommends price floor for panels
- Strong competition has led to bankruptcies and mergers
Trina Solar products at the International Photovoltaic Power Generation and Smart Energy Expo in Shanghai in June.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
Shares of Chinese solar companies rallied after an industry association appealed for rational prices for panels following fierce domestic competition that’s led to losses and bankruptcies.
Bidding prices for panels should not be lower than production costs, which is against the law, according to a statement from the China Photovoltaic Industry Association on Friday. The group will start investigating and publishing solar production costs, and recommended a floor of 0.68 yuan ($0.1) per watt.