China’s solar photovoltaic (PV) manufacturers have renewed their call urging the government to regulate the market following moves to curb overcapacity, after an industry pledge to end a price war did not have the desired effect.
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Beijing’s recent measures to control excess supply in the PV industry are far from enough, said Xu Xinfeng, a senior vice-president at Shanghai-based Aiko Solar.
“There is still a need for more macro-control from the government and more policies,” Xu said at China’s annual solar industry conference in Yibin, southwestern Sichuan province, on Wednesday.
The sector needs stricter policies to regulate overcapacity and price war, similar to the ones introduced for the country’s steel and cement industries, he added.
China’s solar PV manufacturers have incurred huge losses as many of them were forced to sell below their production costs, triggering a wave of mergers and bankruptcies.
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Meanwhile, companies eyeing the high-margin export markets have faced setbacks following investigations launched by the US and Europe for possible unfair subsidies and higher tariffs.