Market researchers are in a rush to lower their solar capacity addition forecasts for this year after China surprised everyone by announcing it will not issue approvals for any new solar power installations this year and will also cut the feed-in tariff subsidy that has been a major driver of the solar business in the country that accounts for as much as 50 percent of capacity. Reuters reports that companies including IHS Markit and Wood Mackenzie have already revised their solar additions forecasts for the year. IHS analysts slashed their projections by between 5 and 10 GW of new additions, although in China alone, they saw a potential reduction in new solar capacity of up to 17 GW. Earlier this year, the firm had forecast Chinese solar capacity additions of 53 GW. Wood Mackenzie, for its part, expects new Chinese solar capacity to be 20 GW lower than earlier […]