China’s National Energy Administration announced last week that the country installed a total of 24.3 gigawatts (GW) worth of new solar capacity throughout the first half of the year, made up of only 12.6 GW worth of utility-scale solar but an impressive 12.24 GW worth of distributed solar.
China FIT
Market research firm IHS Markit has published new figures that show the global solar market will still increase by around 11% to 105 gigawatts (GW) in 2018 despite recent cuts to China’s solar policy that have shrunk expectations for the country’s solar industry.
Hongkongers can apply to sell renewable energy into the grid as early as next week, officials from the larger of the city’s two power companies said on Monday as they presented details of a new “feed-in tariff” scheme to lawmakers.
The Hong Kong government will start discussing plans from early next week to give owners of residential and commercial rooftop solar PV systems the chance to sell surplus electricity to the grid.
Global solar installations could reach about 106 GW this year, largely on the back of high deployment in China and an anticipated demand recovery in Europe, according to a recent report.
The Chinese Government is therefore set to publish at least 2 or 3 additional reductions to the onshore wind FiT level before 2023.
The country’s cumulative deployment stood at 84.63GW by the end of Q1, of which 72GW is utility-scale. Last year, China added 34.24GW.
China will trial a green energy certificate trading scheme as it looks to reduce its exposure to feed-in tariff (FiT) payments.
China’s National Development and Reform Commission (NDRC) has set tentative feed-in tariff rates for PV power stations to be established in 2017, reducing them by 23.47-31.25% from the 2016 level. But based on opinions collected from PV firms, it is likely to revise the reduction to 18.37-25.00%, according to China-based media reports.
The feed-in tariffs of 30 provinces range from 0.68 RMB/kWh to 1.71 RMB/kWh, and the average level is 1.01 RMB/kWh.
