NDRC

Representations by big beasts of global PV win only a partial concession from the authorities in Beijing, with officials agreeing to honor FIT payments for any ground mount projects connected during the next three weeks.

The solar superpower’s departure from its ambitious PV targets has shaken the industry and put a dampener on share prices. Analysts from U.S. investment bank Roth Capital expect a module oversupply mountain of more than 30 GW as a result of the policy change.

China’s cumulative solar installations reached approximately 125.8 GW by the end of November, suggesting that PV developers completed nearly 50 GW of capacity in the first 11 months of 2017, according to new government statistics.

The Chinese government has revealed its new feed-in tariffs (FIT) for different types of PV projects, with rates set to fall by as much as 15% from the start of January.

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.

China’s National Development and Reform Commission (NDRC) and National Energy Administration (NEA) have revealed plans to start operating a wholesale market for distributed-generation (DG) electricity on a pilot basis from early February.  

According to Reuters, China will launch trading of certificates for solar and wind power from July 1st 2017, in a bid to reduce government subsidies going to the renewables sector. The National Development and Reform Commission (NDRC) announced the trading program on Friday.

Declining construction costs for solar plants have prompted the government to lower the amount of money it pays to newly completed PV farms.