Curtailment

Analysts have welcomed the measures ushered in by Beijing to encourage the development of PV projects without central subsidies, but with the obstacles the policy aims to address having dogged Chinese solar for years, more detail is required.

Beijing has outlined a series of policies mandating local and provincial authorities, state-owned banks and grid operators to pull out the stops to drive the rapid escalation of subsidy-free PV projects. The announcement has seen Chinese solar stocks on the rise.

China’s National Energy Administration (NEA) has revealed plans to monitor and evaluate PV projects to help channel investment into parts of the country where solar curtailment is less of a problem.

Approximately 56.2 TWh of solar and wind generation was curtailed in China last year, underscoring how excessive investment and an oversupply of electricity pose an ongoing threat to renewables development, according to newly released research.

Hareon Solar Technology has reported a net loss of CNY 501.5 million ($76.07 million) in the first half of 2017.

Solar projects generated about 51,800 GWh of electricity throughout China in the first half of 2017, up 75% year on year, according to preliminary statistics from the National Energy Administration (NEA).

Data from the China Photovoltaic Industry Association (CPIA) reveals a 25.9% rise in solar module production over the first six months of the year, reaching 34 GW. Q2 utilization rates stood at 85%, data shows.

Integration of 175 GW of renewable energy into India’s grid is technically and economically viable, a study shows, further strengthening the government’s resolve to redesign the electricity generation system.