Solar power supply system subsidies

When will China stop subsidizing solar projects?

Effective August 1, 2021, China will stop subsidizing new solar farm projects, distributed solar projects for commercial users, and onshore wind farms. For years, China had been generous towards wind and solar projects.

Which countries subsidize solar power plants?

Low and Abrahamson (1997). As the same as Europe (EU), the United States of America (USA) and Japan, China launched a national solar subsidy program in June 2009, named Golden Sun Program, which subsidized 50% of investment for solar power plants, with a total amount of 10 billion RMB (1.6 billion USD).

Should government subsidies support PV supply chain companies?

When supported by government subsidies, the government should give full consideration to the power structure of the PV supply chain companies, and the relationship of equal status of supply chain companies is most conducive to the government's implementation of PV subsidies.

When was solar energy subsidized?

In 1987, the State Council decided to establish the special subsidized loans for rural energies, and subsidies were provided for renewable energy projects, such as PV cell production lines, at 50% of the commercial bank interest .

Can commercial PV system investors get a subsidy in China?

Tighten measures are inevitable. In the background of PV subsidies reduction globally, commercial PV system investors can only obtain 0.2—0.6 CNY/W (about 5,755—17,266 USD/unit) subsidy from local government in China, according to subsidy policies for commercial PV systems in China provinces and cities in 2019 (GoodWe Solar Academy 2019 ).

How will China's solar subsidies affect the solar industry?

The reduction in subsidies could place additional strain on China’s solar industry, which is already grappling with overcapacity and plummeting panel prices that threaten the viability of smaller manufacturers.