Tech upgrades on the back of a downturn
The May 31st announcement by the National Development and Reform Commission, Ministry of Finance, and National Energy Administration of China, states that there will be temporarily suspended arrangements for utility scale PV plants in 2018 target, anda cap on distributed generation (DG) at 10 GW in the entire year. The notice also reduces the PV FIT by CNY 0.05 starting May 31. The sudden notification has severely impacted China’s PV demand.
Cost reduction, efficiency improvementIt appears that utility-scale and DG projects are among the most impacted categories. Further, the residential market, which has been rapidly growing since last year, leads accumulated 10 GW of DG project installations from the first five months this year, but demand for the second half of the year has fallen almost …
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