28 Aug '12, 9pm

China’s Largest Solar Power Farm Approved — To Be Built By GCL-Poly Energy, World’s Largest PV Polysilicon Producer

China’s Largest Solar Power Farm Approved — To Be Built By GCL-Poly Energy, World’s Largest PV Polysilicon Producer

Direct and indirect government support for China’s solar PV industry participants has been the central element enabling Chinese silicon and solar PV manufacturers to become the world’s leading providers. Rapid expansion of production has also led to oversupply and a precipitous decline in the price of solar cells and modules worldwide. Chinese solar PV producers took on huge amounts of bank debt, as well as raising equity, in order to finance expansion. As recent financial results show, that’s put them in fragile financial condition.

Full article: http://cleantechnica.com/2012/08/28/china-largest-solar-p...

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A writer, producer and director, Meyers is editor and site director of Green Building Elements, a contributor to CleanTech...