China Tightens Rules for Solar Manufacturing to Curb Overcapacity

China is tightening the investment criteria for solar products manufacturing in a bid to rein in the overcapacity that has plagued the sector in recent months. The Chinese industry ministry on Wednesday issued final – but not binding – investment guidelines for solar PV manufacturing projects. The local industry has been calling for government intervention to curb the booming solar manufacturing. The government now wants a minimum capital ratio of 30% for solar PV projects, up from 20% previously. This ratio typically refers to the…