China’s wind-turbine makers vow ‘self-discipline’ in pledge to end price war

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Twelve leaders in the sector follow solar equipment makers in an agreement to end their damaging campaign of undercutting.

China led the world in wind and solar capacity growth last year, adding 76 gigawatts (GW) of wind capacity, 66 per cent of the world’s total, and more than 60 per cent of the world’s 425GW of solar photovoltaic (PV) capacity, the International Energy Agency (IEA) said in a report on Wednesday.

He said he hoped the industry would return to a path of healthy development and rationality through the joint pledge.

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Article Details

Author / Journalist: Yujie Xue

Category: Business

Markets: Hong KongChina

Topics: Wind Wind-turbine Envision Announcement Price Industry Capacity Including China Shanghai Energy

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-17 @ 16:30:09 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 257 words

Reading Time: 2 minutes read

Sentences: 6 lines

Sentence Length: 43 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 23100309

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