China to strictly control new solar capacity expansion, boost tech innovation

China will strictly control the expansion of solar power production capacity and encourage more innovation, the industry ministry said in new guidelines Thursday, to improve technology and cut production costs in its fast-growing solar sector. The guideline, issued by the Ministry of Industry and Information Technology (MIIT), follows the United States placing steep tariffs on solar panel imports in late January. The guidelines set a minimum research and development (R&D) investment amount for solar companies of 10 million yuan ($1.58 million) each year, and set minimum performance standards such as solar cell efficiency and the attenuation rate of the solar products.

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