China and the UK to build solar energy laboratory

Seeks to overcome industry problems through technological innovation.

Chinese solar energy developer Yingli Green Energy Holding Company, Ltd and British company DEK Solar will jointly build the research center in Baoding City in Hebei.

DEK Solar will provide advanced research equipment and the two companies will work on technologies essential to the solar energy industry.

"The solar energy industry is about to recover," said Yingli board chairman Miao Liansheng. "Cooperation on innovation will accelerate the industry's rejuvenation."

Chinese solar panel makers suffered huge losses due to overcapacity. A recent trade dispute with the European Union worsened prospects for the industry’s profitability.