27 Feb '12, 2am

Update: China responds to solar glut by upping production targets

The downward price pressure on solar technologies looks set to continue after the Chinese government indicated it will respond to recent falls in prices by upping production of key polysilicon and solar cell supplies. According to reports, the Ministry of Industry and Information Technology posted a new five-year plan on its website last week detailing how "leading" polysilicon and solar cell manufacturers will be required to increase production capacity. FURTHER READING Germany makes deep cut to solar subsidy with two weeks' notice "Pay as you go" solar lights up world's newest country The plan provided no details on how many firms will be affected, but it did confirm that it wants top polysilicon firms to increase annual capacity to 50,000 tons, while solar cell manufacturers will be required to produce 5MW of new capacity each year. The targets increase the likelihood o...

Full article: http://www.businessgreen.com/bg/news/2155056/china-respon...

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