China’s Ministry of Industry has implemented stricter investment guidelines for solar photovoltaic manufacturing projects to mitigate overcapacity. Companies are now required to meet a 30% minimum capital ratio for PV projects, a standard previously limited to polysilicon manufacturing. The guidelines also address efficiency and energy consumption but remain non-binding for project approvals, instead urging local governments to allocate projects based on regional resources and industrial strengths. These measures aim to drive structural adjustments within the PV industry while tackling challenges posed by falling solar cell and module prices. The announcement follows reduced export tax rebates for solar components, which analysts expect to increase costs for international buyers.
New rules for solar PV manufacturing in China
Overcapacity in the solar PV sector has contributed to persistently low panel prices, creating challenges for manufacturers. (Image Credit/Source: Michael Pointner/Pexels)
ESMC expects the European Commission’s general policy objectives to be supported by targeted, quick, and impactful measures for the PV manufacturing sector. (Image Source: ESMC)
The Accelerated Partnership for Renewable Energy in Central Asia (APRECA) was launched to fast-track investments and enhance inter-regional connectivity.
(Image Source: IRENA)
Himachal allocates 300 MW for private solar projects in which 62 MW are active. (Image Source:TomFisk/Pexels)
Businesses can now develop rooftop solar under 100 kW without planning requirements, simplifying expansion for small-scale adopters. (Image Source: Vietnam.VN)