China's Solar Industry Faces Challenges of Consolidation and Overcapacity

📆 03/04/2024 01:30 a. m.
📰 SaltWire Network

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Consolidation in China's crowded solar power sector is pushing smaller players out of the market, but excess production capacity - with more on the way - threatens to keep global prices low for years. U.S. Treasury Secretary Janet Yellen plans to warn Beijing of the harm done by subsidies for clean energy products including solar panels that she says are flooding global markets and pose a threat to U.S. firms, workers and the global economy.

Consolidation in China's solar power sector is pushing smaller players out of the market, but excess production capacity threatens to keep global prices low for years. U.S. Treasury Secretary Janet Yellen plans to warn Beijing of the harm done by subsidies for clean energy products including solar panels.

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