Half of Chinese solar manufacturers have stopped production: Report

A report by Guangzhou Daily stated that approximately half of China’s PV manufacturing firms have ceased production.

This was due to oversupply and massive price drops.

Furthermore, Chinese manufacturers are said to be facing high charges as a result of JinkoSolar’s recent fluoride spill. The charges are being implemented in an effort to prevent any such accidental environmental damage by Chinese manufacturers.

CSG Holding’s research noted that while half have stopped production, around 30% are at half their production capability and 20% are at pains to maintain their current levels of production.

Data collected by Digitimes Research imply that tier-1 solar companies are the only ones that are able to claim capacity utilization rates above 80% for the first half of 2011.