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Haikou Jiangdong New Area
Industry

China expected to add 50GW PV power projects in 2019, subsidy needs at RMB1.7bln, NEA

July 17, 2019


Abstract : China's National Energy Administration (NEA) announced recently that a total of 3,921 solar PV projects with a combined installed capacity of nearly 22.79 GW are selected through bidding to take national subsidies, which are estimated at 1.7 billion yuan.

BEIJING, July 17 (Xinhua) -- China's National Energy Administration (NEA) announced recently that a total of 3,921 solar PV projects with a combined installed capacity of nearly 22.79 GW are selected through bidding to take national subsidies, which are estimated at 1.7 billion yuan.

It is only a part of the PV projects under construction in China this year, which have a total installed capacity of 50 GW or so, according to the NEA.

It is predicted that about 40-45 GW of PV projects will be completed and linked to the power grid within this year, which will ensure a rational development scale of the PV power generation industry.

The PV projects selected for subsidy this year include 366 normal PV power plant projects mainly located in central and western China regions with a combined installed capacity of 18.12GW, taking up 79.5 percent of the total, and 3,555 distributed PV projects mainly located in eastern coastal areas with a combined capacity of 4.66GW.

The implementation of subsidy bidding has pushed PV power generation further towards market-oriented development with clearer subsidy declining signal and higher subsidy payment and electricity utilization requirements, an official with the NEA said.

It is worth noting that the projects included in the NEA list are only so far eligible for subsidies. Whether the project can ultimately enjoy subsidies would be based on full-capacity grid-connection. Subsidies would be cut for projects that lag behind construction schedule and cancelled for projects that still fail to complete grid connection two quarters after previously-set completion quarter. (Edited by Niu Huizhe, niuhuizhe@xinhua.org)

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Keyword: PV

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