30 Jan '14, 4pm

China Panel Makers Turn Solar Farmers to Counter Glut: China’s solar-panel makers are investing more in build...

State planners in Beijing are pushing the expansion with the China Development Bank Corp. extending 7.57 billion yuan ($1.25 billion) in new loans since December, the same system the nation used to wrest control of solar panel manufacturing away from German, U.S. and Japanese companies in the last decade. The move will solidify the finances of the manufacturers after a plunge in the cost of the technology triggered losses across the industry for more than two years. “This year offers the best chance to further develop solar projects,” Shunfeng Photovoltaic Chairman Zhang Yi said in an interview earlier this month. “The financing environment has improved to a greater extent compared with 2013. Difficulties have started to loosen up a lot.” Panel Demand China’s government in June pledged to offer easier financing. Since 2010, the China Development Bank has committed $68.8 bi...

Full article: http://www.renewableenergyworld.com/rea/news/article/2014...

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Just days after China finalized anti-dumping tariffs on US makers of polysilicon, the main ingredient used to make solar p...