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Xinhua Silk Road
Industry

China to subsidize RMB1.7 bln to 22.79GW of bidding PV capacity

July 12, 2019


Abstract : A scale of 22.79GW of PV capacity is expected to receive national subsidy of 1.7 billion yuan for grid-access bidding in 2019, according to an announcement by the National Energy Administration of China(NEA).

BEIJING, July 12 (Xinhua) -- A scale of 22.79GW of PV capacity is expected to receive national subsidy of 1.7 billion yuan for grid-access bidding in 2019, according to an announcement by the National Energy Administration of China(NEA). 

According to NEA, the subsidizing scale includes 18.1GW of centralized PV capacity mainly in central and west China, and 4.7GW of distributed PV capacity in southeast coastal areas.

So far, a total of 4,338 PV power projects from 23 provinces have submitted for the subsidy, of which the projects in southwest China’s Guizhou Province have the largest of installed PV capacity, amounting 3.6 million kilowatts.

NEA forecasts that China’s PV power capacity is expected to reach 50GW in 2019, with on-grid capcity of 40 to 45GW.

It is reported that the subsidized PV projects are expected to connect to the grid within the year, while extensive domestic bidding is expected to start in late August, according to a brokerage analyst.

As one of the conventional models of new energy power generation, China’s national PV subsidy bidding will fully embody the goal of ensuring the scale of installed PV capacity, according to an industry insider.  (Edited by Jiang Feifan)

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Keyword: PV new-energy

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