Are the Days Of Cheap Finance for Chinese Solar Over
The Chinese PV industry has benefited from the availability of substantial finance over the past two decades, supporting
PV Magazine International 12:26 am on June 3, 2024
The PV industry faced severe setbacks due to falling prices, with major Chinese companies' stock values dropping over 50%, impacting their financing. The decline in share prices affected credit facilities and refinancing plans. Despite this, the installation market remained robust as energy groups met targets through government support, although grid capacity remains a challenge.
- Stock Market Downturn: Chinese PV companies faced drastic stock price declines.
- Financial Constraints: Decreasing share prices impacted credit facilities and refinancing plans for many firms.
- Market Resilience: The PV installation market continued to progress, backed by state support from energy groups.
- Grid Capacity Issues: Connection capacity of the power grid presents a challenge for installations.
- Industry Outlook: Despite economic challenges, industry analysts predict significant growth in global PV installations.
https://www.pv-magazine.com/2024/06/01/are-the-days-of-cheap-finance-for-chinese-solar-over/