Chinese solar shares extended their recent gains amid speculation the government will relax caps on renewable installation, improving the outlook for the sector
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Xinyi Solar Holdings Ltd. and Flat Glass Group Co. both jumped at least 8%
market speculation China will allow a curtailment rate of more than 5% for power generated from renewable projects including solar farms
relaxation is likely given regulators’ recent tone on managing renewable power utilization at a “reasonable level”
raised the full-year estimate for China solar installation by 21%