Featured in The burning question – 10-2021

The evolution of residential PV in China

China is the largest residential PV market in the world, and this trend is only expected to strengthen in the next few years. By July 2021, China’s cumulative installed residential PV capacity had reached more than 30 GW, with a total of 1.864 million residential units hosting solar PV systems. IHS Markit’s Holly Hu looks behind these impressive numbers.

By

pv magazine

05 Oct 2021

IHS Markit

China’s residential PV market has experienced a major boom since 2019, when a specific budget and fixed feed-in tariff incentive was announced, which also facilitated access to grid connection. In the last three years, a clear and strong financial model has triggered the emergence of an increasing number of prosumers who benefit from the program. …

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