China to advance M A between solar PV firms, MIIT

2015-10-13 16:11

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China's Ministry of Industry and Information Technology (MIIT) will continue to advance mergers and acquisitions among domestic solar PV companies and push forward technology upgrades, said MIIT vice minister Huai Jinpeng.

The country added 10.5GW on-gird PV power capacity in the first three quarters of 2015 while PV module output grew 32 percent year on year to 31GW, Huai said at the Photovoltaic Conference and Exhibition of China 2015 (PVCEC 2015), also noting that domestic solar module manufacturers have been seeing better gross margins this year.

China's solar PV industry showed recovery this year with polysilicon output growing 9.1 percent on year to 107,000 tonnes in the first three quarters, and 10 out of 18 operating polysilicon firms produced at full capacities. The country's top ten module companies' average gross margin exceeded 15 percent during the period, Huai said.

But the industry still needs further efforts in industry concentration, technology research and development (R D) and company financing, according to Huai. China will also work to improve policies for PV power grid connection and PV subsidies to support industry development, Huai said.

The MIIT will implement PV manufacturing industry standards, push forward coordinated PV power station construction and subsidy granting while guide mergers and acquisitions among PV companies to improve industry concentration, Huai said.

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