Shanxi Coal halts 3GW solar project amid industry changes

Market research revealed a significant gap in the original product plan’s technical level, PV efficiency, and the latest technology. Image Credit wikimedia.

Shanxi Coal International terminated its 3GW HJT solar cell project’s first phase. Challenges included global events, an incomplete local photovoltaic industry chain, rapid technology updates, and a lack of technical talent. The project, a joint venture with Huzhou Junhua Siyue Equity Investment Partnership and Ningbo Qixian Enterprise Management Consulting, faced increased investment risks amid industry and market changes, leading to the decision to cease the project.