More Photovoltaic Projects Terminated On Profit Loss

Several solar cell manufacturers have recently terminated photovoltaic projects due to the long payback period of new production capacity and the significant capital investment, Yicai.com reported citing Zhang Xiaobin, executive vice president of Shandong Solar Energy Industry Association. Each production process has varying degrees of capacity surplus, but market demand has continued to grow this year stimulated by the low price of photovoltaic modules, said Lv Jinbiao, consulting expert of China Photovoltaic Industry Association. Lv said maintaining cash flow and strictly controlling new investments are the main tasks in 2024 as industry-wide low profits or losses have become widespread.