China will bolster its solar industry by boosting domestic demand for solar-generated electricity and providing easier financing to manufacturers, Bloomberg reported, citing a Friday statement on the State Council’s website. Officials said that grid companies should build solar-friendly networks and give priority access to solar-generated power. The statement also emphasized the need for lenders to help solar manufacturers raise capital and assured encouragement of mergers and acquisitions among solar companies. The state’s solar push comes amid concerns over Chinese solar companies defaulting on loans and the impact of the EU’s recent tariffs on solar panels from China.
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