China introduces FIT
China: The announcement on August 1 that China would put in place a feed-in tariff (FIT) scheme made the PV industry sit up and take notice. But what impacts will the FIT decision have on the worldwide PV market and which firms stand to gain the most? pv magazine speaks to market analysts and industry insiders to find out.
It’s fair to say that FITs have changed the PV industry. “They are simply the best way for a government to support the PV industry,” surmises Goekhan Demirci, Research Analyst at pvXchange International AG. China’s decision to put in place two tariff rates, 1.15 Renminbi per-kilowatt-hour (RMB/kWh), 0.18 U.S. dollars (USD), and one RMB/kWh (USD0.156/kWh), …
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