Chinese government slams the brakes on domestic solar, and the global industry braces for the impact

Subsidy cuts and an official 10 GW cap on installations (vs 53 GW all-China market last year). Solar manufacturers’ stock prices plunge. Developers overseas anticipate lower prices, but…

Wood MacKenzie estimates 20 GW drop in China market, Bloomberg New Energy Finance 5-15. Yvonne Liu, solar analyst at BNEF: “2018 is likely to be the first ever year seeing negative annual [worldwide] installation growth.”

Image: from REN 21 report

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