Mandatory energy consumption and energy efficiency standards may be introduced by the Mainland Chinese government in the near term, Chinese media reported, citing online rumors. Several companies said they have taken note of the relevant claims, but are currently unable to verify their authenticity.According to market talk, mandatory standards for the photovoltaic sector could be rolled out as early as next week, covering silicon materials, silicon wafers and modules. Based on previous guidance, the measures could potentially phase out about 30% of existing production capacity.Related News CLSA: China AIDC Construction Plan to Boost Energy Storage Battery Demand; Top Pick CATL (03750.HK)In addition, during the SNEC PV and Energy Storage Expo held last week, an executive of a photovoltaic company revealed that the closely watched mandatory Tier-3 energy efficiency standards are expected to be introduced soon.
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