China
Chinese solar manufacturers will face a reckoning next year, with overcapacity and a fierce price war forcing many smaller firms out of business, according to the head of Anhui Huasun Energy Co., Bloomberg News reported. “A considerable number of smaller companies won’t be able to survive the first half of next year,” Xu Xiaohua, chairman and chief executive officer of the privately held firm, said in a panel discussion at the BloombergNEF Summit in Shanghai. However, the consolidation should pave the way for a rebound in prices toward the end of the year, he said.
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