China s solar grid-connected subsidy standards

What is China's new PV subsidy policy?

The new “5.31” policy is believed to have been the most stringent regulation of China’s PV industry to date, and policymakers had obviously underestimated its impact on the industry. Accurately estimating the impact of PV subsidy policy helps avoid both lagged and dramatic changes in government policies.

Why is China launching a solar subsidy program?

The Rooftop Subsidy Program and Golden Sun Demonstration Program In order to wean the country's solar PV industry off dependence on overseas markets amid mounting trade frictions with the USA and the EU, the Chinese government has rolled out measures to boost its domestic solar market.

Why does China have a huge solar energy subsidy deficit?

It is believed that such a lagged change and resulting over-subsidization brought about more PV capacity than can be absorbed by the grid . It also resulted in a big deficit in the government budget. By 2018, China's renewable energy subsidy deficit exceeded 100 billion yuan, half of which was attributed to the PV industry.

Which subsidy policy is responsible for China's solar irradiation surge?

The critical subsidy policy responsible for this surge in China has been the zonal feed-in tariff (FIT). Under the zonal FIT policy , the whole area of China is divided into three different resource zones according to their solar irradiation resources, and each zone has its own FIT levels.

Does China have a solar PV policy?

To our knowledge, rare studies make a comprehensive analysis on China's solar PV policies, particularly on policies implemented during 2011–2012. The purpose of this paper is to make an effort to fill this gap. It contributes to the academic literature over China's solar PV power policies.

Should China reassess its solar policy?

Over recent decades, China has risen to a preeminent global position in both solar photovoltaic (PV) adoption and production, a feat underpinned by a suite of pivotal policy measures. With a burgeoning demand for PV systems on the horizon, there is an urgent need to reassess past policies and chart new directions.