China Is Preparing to Step In to Curb Soaring Solar Prices

  • Ministry will coordinate on issues of rising polysilicon costs
  • Prices for the material have recently surged to a 10-year high

Photovoltaic modules at a solar power plant near Golmud, Qinghai province, China.

Photographer: Qilai Shen/Bloomberg
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China’s government is preparing to intervene to halt soaring polysilicon prices that have suppressed demand for solar panels.

The Ministry of Industry and Information Technology is in the midst of “intensive progress” in leading relevant departments to coordinate on the issue, according to Wang Bohua, head of the China Photovoltaic Industry Association.