China, the world's biggest maker of solar panels, will limit construction of new photovoltaic manufacturing plants to curb excess capacity in a move that may encourage consolidation within the industry. New solar plants that "purely" expand capacity will be strictly banned, the Ministry of Industry and Information Technology said in a statement on its website yesterday. Annual spending by companies for research and development and upgrading equipment must total at least 3 per cent of revenue and must exceed 10 million yuan (HK$12.6 million). Chinese authorities have pledged to cut overcapacity in industries from steel to paper as policy makers seek to reduce the economy's reliance on investments and exports. A global oversupply of solar panels led to a 20 per cent plunge in prices last year, according to data. The policy will slow efforts to expand production capacity in favour of mergers and acquisitions as a growth strategy for the biggest companies, said Angelo Zino, an analyst with S&P Capital IQ in New York.
Solar innovator unveils optimized solar collector, energy storage capabilities at SolarPACES
Boston-based renewable energy company earns spot on list of 17 private companies pre-qualified to develop wind energy projects for U.S. DoD facilities nationwide
The experts at Danfoss Power Solutions will continue to provide mobile hydraulic solutions.
Robotic Solution Installs Twice as Fast and with Less than Half the Labor
ESA Says Storage Benefits Should be Delivered Nationwide
REA joins over 60 European companies and associations to call for ambitious 2030 renewable energy framework
The commercial sector is projected to expand by a factor of 700 in the coming years
The meeco Group installs 143 kWp rooftop system for investor World in Balance
Easy configuration and imperial temperature and volume units especially for the North American market
Program certifies PV installers to complete board-level replacements in the field
The Summit™ is available for pre-ordering now and slated for initial deliveries in Q1 of 2014.
"Enphase appreciates the work that SEIA is doing to build a strong and sustainable solar industry to power America."
Attendees will see an outstanding line-up of 70 speakers address a global audience of more than 650 of the industry's most influential people.
Rooftop Solar Panels and Science Curriculum to Educate a Generation of Energy-Aware Students
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