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PV Industry Future Hangs in the Balance

Both the market for PV products and raw materials are abroad - 70 percent of Chinese PV products are exported to the EU; meanwhile, large quantities of silicon raw materials are imported from Europe. At the same time, booming PV module manufacturing hasn't brought a rapid expansion of China's PV power generation projects, as local governments tend to focus more on manufacturing that can create jobs and generate tax revenue instead of environmental protection projects.

Moreover, the production capacity of the PV industry in China is twice that of global demand, which has given rise to ongoing price wars between enterprises. Weaker foreign demand and price wars fueled by excess capacity have driven domestic PV companies into financial distress.

"When winter arrives, enterprises will have a difficult time. There are problems with capital flow on an industry-wide basis, and it all depends on who can weather the storm," said Miao Liansheng, Chairman of the Board of Yingli Green Energy.

Issue 333
Print:2012-09-24
Compiled by Caijing's editorial team
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