Approximately half of China’s PV manufacturing firms have ceased production, according to a report on the Chinese newspaper Guangzhou Daily and as cited by Digitimes. Chronic oversupply and massive price drops would appear to have nudged the lower-performing China-based manufacturers over the edge, with the solar energy division of CSG Holding’s research suggesting that half have stopped production, around 30% are at half their production capability and 20% are at pains to maintain their current levels of production.
Data collected by Digitimes Research imply that tier-1 solar companies are the only ones that are able to claim capacity utilization rates above 80% for the first half of 2011.
Try Premium for just $1
- Full premium access for the first month at only $1
- Converts to an annual rate after 30 days unless cancelled
- Cancel anytime during the trial period
Premium Benefits
- Expert industry analysis and interviews
- Digital access to PV Tech Power journal
- Exclusive event discounts
Or get the full Premium subscription right away
Or continue reading this article for free
Furthermore, Chinese manufacturers are said to be facing high charges as a result of JinkoSolar’s recent fluoride spill. The charges are being implemented in an effort to prevent any such accidental environmental damage by Chinese manufacturers.
