BEIJING (Reuters) -China’s industry ministry will meet with solar firms on Wednesday and Thursday for further talks on how to rein in the their price war and deal with excess capacity in the sector, state-owned media outlet Yicai reported.
The closed-door meetings will discuss measures to address overcapacity in the solar cell, module, silicon wafer, and polysilicon segments of the supply chain, according to the Yicai report.
That follows a Tuesday meeting – at least the second in as many months – that included representatives from the Central Social Work Department, the National Development and Reform Commission, the state-owned assets regulator, the energy regulator and power generating companies.
Chinese producers of polysilicon, a building block for solar panels, are in talks to create a 50 billion yuan ($7 billion) fund to acquire and shut down roughly a third of production capacity and restructure part of the loss-making sector.
(Reporting by Colleen Howe; Editing by Edwina Gibbs)
