China’s solar giants forced to cut prices as coronavirus curbs demand

Chinese manufacturers that dominate nearly every step in the global solar power supply chain are being forced to slash prices as the coronavirus disrupts projects around the world.Costs for components like wafers and cells have fallen by as much as 20 per cent since the start of the year. These are likely not to have bottomed out yet, as the outlook for demand remains uncertain and new mega-factories threatens to add supply.This is bad news for the companies that make solar components and could…

Read the original article at South China Morning Post