China announces six major policies to upgrade PV industry
The State Council of China has recently released an “Advice for healthy growth of photovoltaic (PV) industry”, aiming to enhance the development of distributed PV market, restrict excessive capacity growth and improve the electric grid structure.
According to its statement, the targeted annual growth of PV capacity from 2013-2015 will be around 10GW, so that the accumulative capacity of 35GW by 2015. The target is higher than what the National Energy Administration had set in its “Planning for growth of solar energy during the 12th Five Year Plan”.
Six major policies were announced, which include:
- support the applications of PV micro-grid for user-side;
- provide electricity subsidy;
- improve capital management;
- enlarge tax benefits;
- enhance financial support; and
- facilitate land and construction management.
The State Council pointed out that financial institutes have to take both protective and suppressive measures when providing loans to support small and medium enterprises (SME) and distributed PV grid systems for home use. Investments should not go to low quality and excessive capacity constructions or other projects that is not up to the required standards of the government.