The Chinese government is planning to phase out FITs and subsidies for all kinds of PV installation by the end of this year, according to the China Photovoltaic Industry Association. The trade body, however, expects strong recovery for domestic solar demand over the next five years, beginning in the second half of 2020.
Three major Chinese PV manufacturers have announced capacity expansion plans over the past week. Chint also released its 2019 financial results, while Kstar unveiled a new inverter supply deal.
A newly published report from the China National Renewable Center (CNREC) advises China’s National Energy Administration to increase its targets for total renewable energy capacity (excluding big hydro) to 500 GW by 2020.
Declining construction costs for solar plants have prompted the government to lower the amount of money it pays to newly completed PV farms.
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