China to support nearly 23GW of solar with new feed-in tariff

Facebook
Twitter
LinkedIn
Reddit
Email
Source: Panda Green Energy.

China’s National Energy Administration (NEA) has approved nearly 22GW of solar capacity for the country’s new feed-in tariffs scheme.

According to Asia Europe Clean Energy Advisory (AECEA) this could see 38-42GW installed in the country this year.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

The lowest bid came in at RMB0.2795/kWh, just over US$0.04.

The long-awaited new FiT system awards capacity through a reverse auction with interested parties bidding for a premium to be paid on top of regional benchmark electricity prices. It replaces the old scheme halted suddenly in May last year, the so-called 531 New Deal.

While the estimates for 2019 would still fall short of last year’s 44GW, it is a vast improvement on some expectations earlier in the year. Q1 installations were down 46% year-on-year.

AECEA said that PV projects seeking feed-in-tariffs that were scheduled to be grid connected by December 31, 2019 had totalled 4,338 with a combined capacity of 24.55GW but approved projects totalled 3,921 projects with a capacity of 22.78GW, leaving 417 projects with a capacity of around 1.77GW unsecured. 

The successful bids included 366 ground-mounted utility-scale projects with a combined capacity of 18.12GW, therefore accounting for the majority (79.5%) of projects. 

A total of 3,082 self-generation/self-consumption/excess capacity projects were accepted with a combined capacity of 4.10GW and accounted for 18% of the total. 

The smallest share (2.5%) was allocated to Distributed Generation (DG) projects, which totalled 473 with a combined capacity of 0.56GW.

On a regional basis, Gansu Province and Xinjiang Autonomous Region were excluded from the bidding, due to continued grid curtailment issues. 

Guizhou Province proved to be the most successful, winning over 3.6GW of projects, closely followed by Shaanxi Province with more than 3GW. According to AECEA, a total of 13 provinces were allocated over 1GW each of projects.

More to follow…

26 November 2024
Málaga, Spain
Understanding PV module supply to the European market in 2025. PV ModuleTech Europe 2024 is a two-day conference that tackles these challenges directly, with an agenda that addresses all aspects of module supplier selection; product availability, technology offerings, traceability of supply-chain, factory auditing, module testing and reliability, and company bankability.

Read Next

May 29, 2024
Chinese solar manufacturer LONGi has launched a new solar module which it said exhibits the benefits of standardised module and wafer sizes in the solar industry.
May 29, 2024
The challenges facing Europe's solar sector are explored in depth in the latest edition of our quarterly journal, PV Tech Power.
May 29, 2024
Spanish inverter manufacturer Ingeteam will supply its products to a 250MW solar PV project from fellow Spanish solar project developer Grenergy.
May 28, 2024
US solar project company Pine Gate Renewables has signed an environmental asset purchase agreement (EAPA) with the social media giant Meta for a 204MW solar PV project in Temple, Texas.
May 28, 2024
The Italian solar sector installed over 1.7GW of solar PV capacity in Q1 2024, marking a significant increase compared with the same period in 2023.
Premium
May 28, 2024
The module procurement tenders of China's state-owned enterprises have always been a barometer, revealing the fierce competition within the industry over everything from module technology to pricing.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
May 29, 2024
11am (EDT) / 5pm (CEST)
Solar Media Events
June 4, 2024
London, UK
Upcoming Webinars
June 11, 2024
3:00 PM (BST) / 4:00 PM (CEST)
Solar Media Events
July 2, 2024
Athens, Greece