PV industry gets ahead of itself
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Profits are plummeting in China's solar photovoltaic (PV) manufacturing industry.
Overcapacity is forcing module prices down to near cost levels – around RMB 1/watt.
The latest signs of strain: LONGi's Q3 net profits fell 44% y/y.
On Tuesday, LONGi's general manager, Li Zhenguo, called module pric...