China’s new solar FIT policy
On April 30, China’s National Development and Reform Commission released the “Improving Issues Related to Feed-in Tariffs for Solar Photovoltaic” notice, the first document that confirms the level of FIT payments for solar projects following several consultation papers issued previously this year. The new FIT rates are set to be effective starting July 1.
Reviewing Q1 this year, China’s lack of clarity on subsidy policy has kept most downstream players waiting for the government to confirm solar subsidies while halting construction. As a result, Chinese demand collapsed after installing the delayed projects from the Top Runner Program before and after the lunar new year. Fortunately, in addition to India …
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