New FiT to increase China’s solar capacity by 1.5GW, according to iSuppli report

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email

The Chinese government’s new feed-in-tariff (FiT) has the potential to increase solar installations in the country by 1.5GW in the next 18 months, according to a new IHS iSuppli report.

Previous forecasts suggested that PV installations in China would total 1GW in 2011 and 1.4GW in 2012. However, the introduction of China’s first solar subsidy programme could inspire these figures to rise by up to 50% in 2011 and 71% in 2012, seeing 1.5GW and 2.4GW installed respectively. China’s National Development and Reform Committee (NDRC) unveiled China’s FiT on July 24.

“The Chinese government’s release of its nationwide FiT is sending a very positive signal to the country’s solar industry – a signal that ultimately will increase PV installations by huge margins during 2011 and 2012,” said Glenn Gu, senior analyst for photovoltaics at IHS. “The establishment of the FiT has increased the confidence level among players in the China PV supply chain by guaranteeing the return on investment for many existing solar projects. PV companies are expected to take full advantage of the policy to accelerate the construction of solar projects and increase investments in future endeavours.”

Although the introduction of subsidies for installations is encouraging, several unanswered questions remain. Firstly, the bill as it stands does not mention the length of subsidy period. Secondly, only a single tariff rate is offered for all projects, regardless of region or installations method. Finally, the document fails to address the issue of grid connection issue, namely preparing China’s grid infrastructure for the inevitable influx of new solar projects enticed by the subsidies available.

The ability of China’s publicly-funded Renewable Energy Tariff (RET) to finance a solar specific tariff scheme is also doubtful. Not only is the RET in deficit, but it is also charged with bankrolling all the country’s other renewable energy projects.

28 September 2021
Solar Solutions International is the largest trade show for solar energy in Northwest Europe. Now the solar market has grown up, it's time for the next step. Solar Solutions International displays more than 500 innovations and over 100 practical seminars concerning the latest in energy storage, smart products, and an ever evolving array of solar panels. As an exclusively B2B trade show, Solar Solutions International offers both exhibitors and visitors the chance to network at the highest level. Duurzaam Verwarmd, the largest trade show for sustainable HVAC technology in the Benelux, is held simultaneously. This way your one visit gets you up to date with all of the developments in both sustainable energy and heating.
6 October 2021
Intersolar Europe is the world’s leading exhibition for the solar industry. It takes place as part of The smarter E Europe – the continent’s largest platform for the energy industry. Under the motto “Connecting solar business,” manufacturers, suppliers, distributors, service providers and project planners and developers from around the world meet in Munich every year to discuss the latest developments and trends, explore innovations firsthand and meet potential new customers.
6 October 2021
The future is bright for a new era of US solar and storage, and the 8th annual Solar & Storage Finance Summit will provide opportunities to discuss solutions to the industry’s challenges and provide a networking platform designed to bring together the top minds in the industry to do business. With a mix of high-level, informative presentations and panels, a stellar cast of speakers and audience members with deal-making capacity, the 2021 edition of the event will be a sell-out success.
18 October 2021
Intersolar South America, South America’s largest exhibition and conference for the solar industry, takes place at the Expo Center Norte in São Paulo, Brazil on October 18–20, 2021, and has a focus on the areas of photovoltaics, PV production and solar thermal technologies. At the accompanying Intersolar South America Conference, renowned experts shed light on hot topics in the solar industry.
19 October 2021
This year’s EV World Congress will hold a special role, not only as the first live EverythingEV event in over a year – a chance to renew your connections and re-engage with the EV sector face to face – but also as a chance to share insight and inspiration as world starts to look towards move on post COVID towards hitting ambitious decarbonisation goals in 2030 and beyond. As ever, we will be bringing world leading organisations, cities, and technology providers to the UK to inspire EV innovators, and delve into the challenges facing the sector as the UK looks to revolutionise road transport.
20 October 2021
Utility-scale solar is evolving, shaped by higher power modules and demand for increasingly lower levelised cost of electricity (LCOE). Those trends are also changing project requirements elsewhere, with inverters capable of delivering high power density and power capacity in strong demand. In this webinar, FIMER will detail how its innovative high-power, multi-MPPT string inverter and modular conversion solution can both meet those demands and transform the utility-scale solar sector for the better.

Read Next

September 23, 2021
A project that bids to combine up to 20GW of solar PV with the world’s largest energy storage battery and a 4,200km-long subsea power cable has moved a step forward after Indonesian authorities greenlit its proposed transmission cable route.
September 23, 2021
US national residential and C&I solar plant performance assessment company Omnidian has completed a US$33 million Series B raise.
September 23, 2021
US developer Clearway Energy Group has signed a virtual power purchase agreement (VPPA) with Toyota in North America to supply the company with 80MW of power, accounting for 8% of the company’s regional operations
PV Tech Premium
September 23, 2021
Backed by a new heterojunction module factory in Florida and the expansion of its production plant in Minnesota, solar manufacturer Heliene is looking to take advantage of US policy support to meet increasing demand for American-made PV equipment. Jules Scully discusses the company’s growth plans with CEO Martin Pochtaruk.
September 23, 2021
Arizonan utility Salt River Project (SRP) and renewables company Clēnera have signed a 20-year power purchase agreement (PPA) for the CO Bar Solar project that is expected to deliver between 440-480MW of power
September 23, 2021
Russian wholesale electricity market administrator JSC ATS has allocated 775MW of solar PV in the country’s eighth auction round for largescale renewables, which had an average price of ₽5.18/kWh (US$0.071/kWh)

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 6, 2021
Solar Media Events
October 19, 2021
Solar Media Events
December 1, 2021