This article only represents the author's own views.
The defining term for China’s solar sector last year was overcapacity, as intensifying competition caused a meltdown in prices for both solar modules and raw materials. At the same time, many companies that once feasted on a Chinese market that built new solar power plants at a breakneck pace in the recent years are now looking to step up their overseas operations as the domestic buildup starts to slow down.
That heated competition at home and desire to go global is catalyzing Hainan Drinda New Energy Technology Co., Ltd. (002865.SZ) to seek a Hong Kong IPO, adding its name to a crowded list of major Chinese players that are doing more manufacturing overseas.
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