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Top Chinese official investigating Trina Solar

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A visit by top Chinese officials to Trina Solar Limited (NYSE:TSL) last week, signals that the world’s second-largest economy is still taking care of the ailing solar industry.

Accompanied by local government officials, State Councilor Ma Kai investigated the Changzhou-based company on Nov. 9.

Ma specifically visited the small power grid test center of the world's leading PV company, as Beijing is implementing a supportive policy for distributed solar power recently.

Starting on Nov. 1, State Grid Corporation of China (SGCC), the country’s largest grid operator and power distributor, allowed so-called distributed photovoltaic solar power producers, or small and medium-scale producers (less than 6 megawatts of installed capacity) located near customers to connect to the national grid for free.

Distributed solar power plants are small, scattered generators, which until now, provided electricity only for their own use.

China's solar industry is mired in a crisis, facing anti-dumping measures from the United States and reduced imports from Europe, while the country’s ten largest solar photovoltaic enterprises have accumulated upwards of 111 billion yuan ($17.5 billion) in debt.

The sector has long been suffering from excessive inventories and cash flow shortages, although the country is the world’s biggest maker of solar panels, with a $37 billion global market. In the face of the current global economic woes, most of the Chinese PV companies have suspended production for the year.

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