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Bloomberg
JinkoSolar Holding Co., the world’s biggest solar panel maker, sees China’s photovoltaic power additions slumping this year and a greater share of its revenue coming from overseas amid uncertainties over Beijing’s new policies. China may add 30 to 40 gigawatts of solar power in 2019, down from 44 gigawatts the previous year, Vice President Qian Jing said in an interview in Shanghai. The potential slump will come despite additions accelerating in the second half of the year, she said.
China is shifting to a more market-driven approach in the solar power sector to reduce financial burden from subsidies and cut back on unused capacity. But there’s still a lack of clarity on how it will develop non-subsidised projects, as well as delays in regulators determining which proposed projects can still receive subsidies, which has left some developments in limbo.