06-11-2018, 09:46 AM
Bit of a nasty surprise from China..
China’s recently announced changes to national solar policies will bring significant impacts for the global PV market and possibly the first contraction in global PV demand since before 2000, according to GTM Research. The country’s National Energy Administration, the National Development and Reform Commission and the Ministry of Finance released new guidance that terminates any approvals for new subsidized utility-scale PV power stations in 2018. China will also reduce its feed-in tariff for projects by RMB 0.05 per kilowatt-hour (a fraction of a U.S. cent), cap distributed project size at 10 gigawatts (down from 19 gigawatts), and mandate that utility-scale projects go through auctions to set power prices. Projects connected to the grid past June 1 will not receive feed-in tariffs. In all, the changes will significantly chill growth in a country that’s driving the global solar market.
China's Bombshell Solar Policy Shift Could Cut Expected Capacity by 20 Gigawatts | Greentech Media