ReneSola, a vertically integrated, Tier-1 Chinese solar company, revealed today that it has brought online more than 180 MW of distributed generation (DG) solar power in China in the first six months of the year.
This capacity has been built exclusively on rooftops, and the majority – 170 MW – is supplying power to the national grid at a FIT rate of RMB 0.98/kWh ($0.14/kWh).
Company CEO and chairman Xianshou Li remarked that ReneSola is on course towards meeting its 2017 DG installation target of 300 MW.
“At the mid-point of the year, we have connected about half of our goal,” said Li. “These projects reinforce our optimistic outlook for the project development business.”
The CEO added that the ultimate aim is to accelerate DG development in China over the coming quarters. Nationally, China’s DG solar market is growing at around 200% per year according to official National Energy Administration (NEA) data.
The NEA calculates that in 2016, rooftop solar accounted for 12% of all installations in China – some 4.23 GW of capacity, to be exact.