China Manufacturing Solar Panels Subsidy

This is the second cut in subsidies in less than a year.

China manufacturing solar panels subsidy. In 2015 china became the world s largest producer of photovoltaic power narrowly surpassing germany. A surge in exports of chinese panels. In december 2017 the distributed solar subsidy fell from 0 42 yuan per kilowatt hour to 0 37 yuan. Since 2008 through government subsidies the manufacturing capacity of china s solar panel industry grew tenfold leading to a vast global oversupply.

In the space of 25 years china will have gone from having virtually no solar panels to leading the world by a margin of more than 100. In 2017 china was the first country to pass 100 gw of cumulative installed pv capacity and by the end of 2018 it had 174. China proposed to halve its subsidy budget for new solar power projects this year to 1 5 billion yuan 216 million as the government steers its renewable energy sector away from a reliance on. The new policy has dropped those subsidies to 0 50 0 60 and 0 70 yuan per kilowatt hour across the three regions with the distributed solar subsidy falling to 0 32 yuan per kilowatt hour.