Easing oversupply: Workers inspect solar panels in Taizhou, China. It will likely take another six to 12 months for prices to rise back to break-even levels for solar firms. — AFP
BEIJING: China’s solar manufacturers have just been through a bloodbath of an earnings season, but there are tentative signs the massive glut that’s plaguing the industry could be starting to ease.
Longi Green Energy Technology Co and five other leading solar firms racked up a combined US$2bil of losses in the first half after a frenzy of factory building over the last few years created excess capacity that’s driven prices to record lows.
