Published on August 26th, 2013 | by Cynthia Shahan1
Commercial PV In China Primed For Growth Surge
China’s Bureau of Energy has announced a designated group of Distributed PV Generation Application Demonstration parks. This focus on self-consumption of PV power generation by the Bureau of Energy moves China in a clear direction. Over 1.8 GW of solar PV pipeline was approved (out of which up to 750 MW may begin construction in 2013). The rooftop segment of the Chinese PV market, along with the desired supply pipelines, will expedite completion of remarkable renewable energy plans.
Steven Han from Solarbuzz has more regarding this noteworthy news from China:
Until now, financing and tariff distribution timeliness have been major barriers for developer groups. Sources say that additional policies will be established in the second half of year to lower these barriers.
All sixteen commercial developer groups and two utility developer groups can now receive FITs of CNY 0.42/kWh, in addition to the desulfurization tariff. In some regions, such as Jiangsu and Anhui, developer groups can also receive extra rebates.
Everyone in the solar industry is keeping a close eye on China. The country has very ambitious solar PV growth plans, and it has increased those on a number of occasions. From small-scale solar to utility-scale solar projects, China is sailing forward with solar PV. The country’s 2015 solar PV target (21 GW) is currently quadruple the 2015 target (5 GW) it had set in 2010. The urgency, from what coal power plants are doing to the country and the world, is quite clear.