China is currently in the midst of an ambitious, government-backed five-year plan to develop more clean energy resources, and now the government is looking to overhaul its solar panel industry to fix some notable weaknesses. In recent years, the country's solar panel providers have suffered some major losses due to price wars and excessive production. China's new plan will seek to encourage mergers and will also block local leaders from supporting domestic producers — some of those producers may be allowed to go bankrupt as the industry stabilizes. The country's governement has spent much of the last decade encouraging the industry's expansion by offering a variety of grants and loans, but now hundreds of small producers have flooded...
Reported by The Verge 8 hours ago.
China is currently in the midst of an ambitious, government-backed five-year plan to develop more clean energy resources, and now the government is looking to overhaul its solar panel industry to fix some notable weaknesses. In recent years, the country's solar panel providers have suffered some major losses due to price wars and excessive production. China's new plan will seek to encourage mergers and will also block local leaders from supporting domestic producers — some of those producers may be allowed to go bankrupt as the industry stabilizes. The country's governement has spent much of the last decade encouraging the industry's expansion by offering a variety of grants and loans, but now hundreds of small producers have flooded...
Reported by The Verge 8 hours ago.