China aims to encourage companies to focus on innovation, quality and production costs. As part of this effort, it was reported that China's Ministry of Industry and Information Technology (MIIT) has announced revisions to its photovoltaic manufacturing industry standards, addressing current challenges like businesses' repetitive expansion of low-level production capacity and falling profitability, to promote the PV industry's healthy development.
The MIIT has also raised the efficiency standards for new monocrystalline silicon PV cells and modules, and the revised standards also address next-generation technologies such as perovskite modules, with conversion efficiency requirements set at a minimum of 14% for existing projects and 15.5% for new projects.
Revisions include raising the minimum proportion of investment that must be funded by shareholders' own capital to 30%. Previously, the 2021 regulations for the photovoltaic manufacturing industry set a minimum ratio of 30% for new and expanded polysilicon projects, and 20% for other new and expanded photovoltaic projects.
The ministry said these updates aim to guide local authorities in reasonably planning photovoltaic manufacturing projects based on resource endowments and industrial foundations, while promoting intensive and clustered industrial development.
