Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
CN MIIT: Min. Capital Ratio for New/ Expanded PV Mfg. Projects Must Not Be Less Than 30%
Recommend 26 Positive 91 Negative 30 |
||||
|
||||
|
China's Ministry of Industry and Information Technology (MIIT) has announced important revisions to the "Standardized Conditions for the Photovoltaic Manufacturing Industry" and the "Temporary Measures for the Administration of Photovoltaic Manufacturing Industry Standard Announcements" to guide local governments in rationally planning the layout of photovoltaic (PV) manufacturing projects, facilitating industrial intensification and cluster development. The revisions emphasized that PV companies should reduce projects that merely expand capacity and instead focus on technological innovation, improving product quality, and cutting production costs. The minimum capital ratio for new and expanded PV manufacturing projects must not be less than 30% to ensure the financial stability and sustainable development of the projects. These revisions aim to drive high-quality development in the PV industry and enhance the international competitiveness of the mainland's PV sector by optimizing industrial layout, encouraging technological innovation, and enhancing product quality. The increased capital ratio requirement also helps prevent the risks of over-investment and overcapacity in the industry. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
