Beijing: China’s solar industry is likely to set lower expansion targets in 2024, as financial stresses and grid constraints make it challenging to match last year’s explosive growth.
The China Photovoltaic Industry Association gathered in Beijing for its annual conference yesterday, with firms being forced to balance dwindling profits against the government’s relentless push for ever more clean energy. Although panel prices have dropped steeply, lowering the cost to developers, manufacturers are getting squeezed by overcapacity. Consolidation, including bankruptcies, are on the cards.
