Chinese Solar Group Urges Faster Consolidation as Glut Deepens
- China is developing 339 gigawatts of wind and solar energy, representing 64% of global capacity, according to a report from Global Energy Monitor .
- This figure exceeds the USA's 40 GW project pipeline by more than eight times.
- China's solar power reached 12% and wind power 11% of its generation in May as new capacity was added.
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China’s Solar Sector Must Consolidate Amid Mounting Losses, Industry Group Warns
China’s Solar Sector Must Consolidate Amid Mounting Losses, Industry Group Warns -The opening bid price for panels has fallen below the 1 yuan per watt cost level to about 0.8 yuan in July as overcapacity engulfs the industry
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Leaning Left7Leaning Right5Center10Last UpdatedBias Distribution45% Center
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R 23%
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