While a Chinese decision to limit subsidies on new solar project curbs global growth, some sectors will benefit from the subsequent oversupply, analysis finds. The National Energy Administration in China in June scrapped new subsidies for utility-scale solar power stations. Analysis compiled by consultant group Wood Mackenzie found that Chinese demand for solar power this year declines 40 percent as a result. China’s decision to cut tariffs was designed to slow the accelerated growth in the country’s solar power capacity. The country last year accounted for about 60 percent of new solar installations and the new measure imposed strict quotes on new capacity, eliminating generous subsidies for projects outside that quota. Nevertheless, Wood Mackenzie found that three […]