China’s Ministry of Industry and Information Technology has revised its standards for the photovoltaic manufacturing industry, introducing updated requirements for project investments. Announced on Wednesday, the new guidelines mandate that at least 30 percent of investment in photovoltaic projects must come from shareholders’ capital. This is a shift from the previous 2021 regulations, which required a minimum of 30 percent for new and expanded polysilicon projects and 20 percent for other photovoltaic projects.
The ministry stated that these changes aim to help local authorities plan projects more effectively by considering available resources and the region’s industrial strengths. Additionally, the revised standards focus on fostering concentrated and organized industrial development.
The updates encourage photovoltaic companies to prioritize technological advancements, enhance product quality, and lower production costs instead of simply expanding production capacity. The ministry hopes these adjustments will ensure sustainable growth in the sector and align with broader industrial goals.
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