Most Enterprises of Photovoltaic Industry in Zhejiang may be Eliminated because of Excess Capacity

(China Glass Network) According to relevant statistics that there are 205 photovoltaic enterprises existing in Zhejiang province now and about half of them are established after September,2010 with scale below 100MW.

Shen Hongwen, new energy industry researcher of CI Consulting said that,“Excessive expanding is a common

Professionals pointed out that serious excess capacity has resulted in BEP of several microbusiness and many of them may be merged or closed in the next year. There will be a industry reshuffle in the next 2-3 years and more than 30% of the photovoltaic enterprises especially small enterprise will face the fate of being eliminated.