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China solar power firms to gain boost from new policy

Date:22/08/2014   View: 894   Tags: China; Solar power; New policy
China’s solar power companies are expected to gain boost from a new solar policy reportedly to be announced later this month, industry insiders said.

The new policy, which encourages households and small businesses to install distributed solar projects, will also give more detailed support to enable easier grid connection, thus helping release more market capacity.

High cost and grid connection difficulties are regarded as the main constraints for a low installation rate of distributed generation in China.

Still, it may take a long time to execute, due to restrictions on the ownership of rooftop connection to the grid, said Li Junfeng, head of the China Renewable Energy Industry Association under the National Development and Reform Commission.

Earlier this month, Wu Xinxiong, head of the National Energy Administration, told a meeting with solar companies in Zhejiang province that the country will encourage solar projects to be built on barren hills and abandoned land, lakes, fishponds, greenhouses and other resources.

For projects with a capacity of no more than 20,000 KW and under the scale of 35 KV connected to the grid, Wu said they can enjoy the local benchmark price for photovoltaic (PV) electricity, which varies from one province to another.

The national benchmark price for PV electricity is 0.9 yuan, 0.95 yuan and 1 yuan per KWh, depending on the solar power resources, according to the National Development and Reform Commission (NDRC).

At the same time, more support will be given to installations of solar panels in public infrastructure such as hospitals, schools, railway stations and airports.

The government will also encourage low-cost financing for distributed projects and encourage the forming of PV industry investment funds among insurance companies and trusts.

Electricity generated by distributed PV plants now accounts for less than 1% of China's total PV generation, compared with some 70% in Germany and 80% in the United States.

China has set targets for installed solar capacity for this year. The overall target is 14 GW of solar capacity, with 6 GW in utility-scale facilities and 8 GW of distributed generation.

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