China Vows to Rein In Redundant Solar Factory Investment (1)

China’s government has responded to calls for help from beleaguered solar manufacturers, promising to guide capacity expansions and avoid redundant investments.

The National Energy Administration will monitor solar factory utilization and expansion plans to help improve market conditions, Li Chuangjun, director of the agency’s renewable energy department, said at a press briefing on Thursday. The pledge comes after solar companies <-bsp-bb-link state="{"bbDocId":"SEW7RGT0AFB4","_id":"00000190-3b63-d497-a7fb-ff6fe1e30000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">called on Beijing to step in after a surge in capacity caused equipment prices and company profits to crater.

“We will reasonably guide the construction and release of upstream production capacity, avoid duplicate construction of low-end production capacity, and ...