China Manufacturing Solar Panels Subsidy

In december 2017 the distributed solar subsidy fell from 0 42 yuan per kilowatt hour to 0 37 yuan.

China manufacturing solar panels subsidy.

China is the world s largest market for both photovoltaics and solar thermal energy since 2013 china has been the world s leading installer of solar photovoltaics pv. Wood mackenzie estimates from market intelligence business wood mackenzie sees china s photovoltaic panel installations hit a cumulative total of 370 gwdc by 2024 more than double the us s. In 2015 china became the world s largest producer of photovoltaic power narrowly surpassing germany. Since 2008 through government subsidies the manufacturing capacity of china s solar panel industry grew tenfold leading to a vast global oversupply.

In the space of 25 years china will have gone from having virtually no solar panels to leading the world by a margin of more than 100. In 2017 china was the first country to pass 100 gw of cumulative installed pv capacity and by the end of 2018 it had 174. The new policy has dropped those subsidies to 0 50 0 60 and 0 70 yuan per kilowatt hour across the three regions with the distributed solar subsidy falling to 0 32 yuan per kilowatt hour. This is the second cut in subsidies in less than a year.