Polaris solar PV net news: on September 4, 2014, the energy Bureau of the National Energy Board issued the notice on further implementation of distributed photovoltaic-related policies. Our overall view is as follows:
One, self distributed photovoltaic plates May be highly recommended, distributed development is divided into three phases: the first phase, distributed PV market formed a mature business model, first of all in business to promote large-scale second stage, distributed PV asset market value is widely recognized, harder to transfer of assets or securities, asset turnover is expected to further accelerate. The third stage, lowering the cost of distributed PV to reach power parity, industrial and commercial distributed PV from the subsidy-dependent, distributed PV market the real growth began to erupt.
Policy landing as scheduled, generally in line with market expectations, some details are beyond market expectations. We believe we landed in no way implied plate end of the market, but industry trends begin. Since September, we will see two levels of bullish: policy level: financing subsidies gradually liberalized, distributed in photovoltaic power prices are expected to rise, distributed photovoltaic charging mode changes; industry level: policy ground lead to project stability increased yields, rising business investment impulse, explosive growth in the industry is expected to.
Second, the most important of the adjustment policies include:
(1) when filing your distributed project can choose “spontaneous use, residual power” or “full access” as a model, based on “spontaneous use, residual power” mode-executed projects, significant reduction in electricity load (disappear) or power supply unable to meet their circumstances, allow changes to “full Internet” mode. Internet of electricity subsidy that can be adjusted to benchmark, means that distributed photovoltaic project rate of return is guaranteed, that is the minimum yield for the benchmark yields on electricity price (8%). The policy once implementation will brings two a level of effects, first is construction level, distributed PV field in wait-and-see State of funds will quickly inflow, half enterprise on set of roof project will began accelerated construction; second is financing level, distributed project proceeds rate once get fallback, after must period cash flow of validation Hou, project itself recognized degrees improve, commercial banks will spontaneous for loan, and through other financial tool for lever of further zoom, industry overall ROE will obviously improve.
(2) in ground or using agricultural big shed, no power consumption facilities construction, and to 35,000 v and the following voltage grade access grid (Northeast 66,000 v and the following), and single project capacity not over 20,000-kilowatt and by electricity main in and dot variable radio district elimination na of PV station project, into distributed PV power scale indicators management, the article policy once implemented, enterprise will priority construction East small ground distributed project, equivalent East ground distributed project record difficulty reduced, industry construction obviously accelerated, We expect the annual installed capacity is expected to more than 4GW, far exceeding market gloom before (1-2GW).
(3) clear proposed on in spontaneous use mainly of distributed PV power project by construction scale indicators limit Shi, provincial energy competent sector should timely transfers solution or to national energy Council applications append scale indicators, means with spontaneous use mainly of distributed PV power project not by scale indicators of strictly control, once commercial mode formed, demand will appeared obviously increased, enterprise can through applications append scale indicators, is expected to future East distributed total is expected to beyond planning expected.
(4) Note that give priority to safeguard the construction of demonstration zones and other planning is clear and conditions implemented projects annual scale target, distributed projects in favour of non-model in the second half, driven good distributed/carrier-building projects promote.
(5) encourage distributed generation projects to participate in emissions trading, we believe that with the rise of domestic carbon emissions trading market, participating in the distributed project development and operation of the company is likely to get another additional revenue from carbon emissions trading, according to our calculations, average annual revenue is expected to hit 6.12 million per MW of PV power generation projects, distributed project yields some positive impact.
Third, we remain bullish on EPC and distributed downstream operations link. Distributed mainly in Golden Sun project before 2014, construction output is low (3GW), we expect the second half of 2014 policy adjustment after the implementation of China’s construction of distributed PV began to accelerate, the annual installed capacity is expected to reach more than 4GW, showing explosive growth. Without considering the cost conditions over the next 3 years installed Central 9GW, but taking into account the cost of PV decreased at an annual rate of more than 10%, new installed capacity is expected to remain more than 20% of high growth.
Distributed power plant EPC implemented high turnover, disposable income and profits, new installed capacity growth to stable growth in the coming years, but due to the technical barrier is not high, there is a risk of competition led to lower profit margins in the future.
Characteristics of the power plant operation with low turnover and high gross margins, and with the new installed capacity growth and has an accumulated growth trend, we are expecting over the next 3 years under the present subsidy model of distributed PV installed capacity has added an average around 9GW, cumulative installed capacity growth over 50%.
Falling as the cost of photovoltaic, PV power station in China large-scale development in the coming years will bring the explosive growth of the plant and operation part. Due to the high power station operation part funding barriers, tariff income stability, is expected to sustain higher yield levels in the field, we are increasingly optimistic about the PV power plant and operation part.
Four, and recommended subject matter: Solarfun electronic (commercial mode has advantage, is expected to became East distributed leading), and Sun power (benefit Yu distributed market started led inverse variable device market needs increased, in Anhui Province within distributed project has strong advantage), and love Kang technology (success transformation station operations, project expansion speed fast), and sea run PV (engaged in distributed PV EPC, has more roof resources), and Societe Generale solar (domestic distributed PV EPC leading enterprise, national layout).
Concern subject matter: longi shares (distributed market started, Crystal technology has high conversion efficiency advantage, is expected to obtained promotion), and Rainbow fine of (transformation distributed PV operations field, main advantage in South), and zhongtian technology (engaged in Jiangsu Province distributed construction), and China Light shares (and shareholders Wuxi country Alliance together construction distributed PV), and Sen source electrical (Henan province distributed PV leading enterprise),.
Before we set the policy adjustment and the draft comparative analysis, reviews are as follows:
Final file: attaches great significance to the development of distributed PV. Photovoltaic power generation is an important emerging industries of strategic importance, and vigorously promote photovoltaic applications to optimize the energy structure and energy security, improve the ecological environment, changes in urban and rural areas is of great strategic significance. Wide range of distributed PV applications, in both urban and rural construction, industry, agriculture, transportation, public facilities and other areas has broad application prospects, is an important force in promoting the revolution in energy production and consumption, and for promoting stable growth structure and accelerate reform an important measure to improve people’s livelihood. Pay great attention to the development of regions strategic significance of distributed PV, active, innovative mechanisms and holistic approach of distributed PV applications.
Comments: the text does not appear in the draft, the strategic significance of distributed PV to higher levels, namely, to promote steady growth structure and accelerate reform initiatives to improve people’s livelihood, requesting the all-round support to promote the development of distributed PV and clear determination to Department of energy to develop distributed PV.
Final file: enhance the application of distributed PV generation planning. To include photovoltaic energy development in various regions and urban construction planning, provincial energy departments to organize industrial enterprises concentrated in cities and counties and development zones, application building photovoltaic roofs and other venues in the system resource investigation, considering the roof area and the load conditions, such as preparation of distributed PV generation plan, combined with the development conditions of the annual plan. The new energy model city, green energy demonstration counties, new energy application and demonstration areas, distributed photovoltaic power generation demonstration area to develop distributed PV generation plan, and implementation of key construction projects of the year. Priority protection of all kinds of demonstration zones and other planning clear annual scale of implemented projects and building condition index.
Sought views draft: strengthened distributed PV power application planning work, regions should height attention PV power application on optimization energy structure, and control air pollution, and promoting new town of construction of major meaning, will PV power into related planning, levels energy competent sector to organization industrial enterprise concentrated of City County and economic zone and various industrial park, system carried out can installation PV building roof and the other places of resources survey work. Considering roof area, the load conditions, such as compilation of distributed PV application planning, building owners willing and ready to install photovoltaic units work with a construction plan. Provincial energy departments in the allocation of annual scale indicators, construction conditions have been implemented precisely give priority to safeguard the planning of projects. The new energy model city, green energy demonstration counties, new energy demonstration zones, distributed PV Application demonstration zones to develop and improve distributed PV generation. Application planning and implementation of key construction projects on an annual, national demonstration zone of all types at the annual scale management of priority protection.
Reviews: on government responsibility subject more clear, requirements province energy competent sector prepared distributed PV application planning, and pointed out that priority guarantees various demonstration district and other planning clear and construction conditions implementation of project of annual scale indicators, than sought views draft in the more mentioned has planning clear and construction conditions implementation of project, conducive to second half of non-demonstration of distributed project of promoted, good Solarfun electronic, and Sun power, and love Kang technology, distributed construction/operators of project promoted.
Final file: encourage multiple forms of distributed PV applications. Fully equipped building roof (including subsidiary free site) resources to encourage roof area, the load zone of the large, high power prices and large businesses lead in the PV applications. Encourage local governments at all levels in State-subsidized matching based on finance subsidy policy, and public institutions, and affordable housing and increasing support in the countryside. Encourage railway station (including the high speed rail station), Expressway, airport terminals, large integrated transportation hub building, large stadiums and parks and other public facilities to promote photovoltaic power generation, in the planning and design of buildings and other facilities will be PV applications as an important element, encouraging construction of large enterprise groups to Affiliate Organization for the harmonization of distributed PV projects. The use of abandoned land, barren slopes, beaches, ponds, lakes, agriculture greenhouses, such as building local absorptive distributed photovoltaic power plant. Encourage construction of distributed PV new poverty alleviation, rural areas and farmers, agricultural facilities combine, promoting agricultural and rural development and improvement to the livelihood of rural residents. For all kinds of spontaneous use of distributed solar power projects are under construction scale indicator limit, provincial energy departments should adjust in a timely manner to resolve or to apply to the National Energy Board up-scale indicators.
Drafts: drum help to carry out various forms of distributed PV applications. Focus to support the roof area, the load, high power prices in industrial areas and large industrial and commercial enterprises to develop PV applications and equip fully use the roof. Encourage local governments at all levels in national power subsidies based on supporting investment subsidies or electricity subsidies, schools, hospitals, public institutions and other public welfare and get a town and all kinds of distributed photovoltaic applications appropriate to increase affordable housing and rural support. At the train station (including the high speed rail station), highway service areas, and related facilities, airport terminals, large roof integrated transportation hubs, large stadiums and car parks and other public facilities to promote distributed PV. Encouraging the construction of large enterprise groups to its affiliate organization for the harmonization of distributed PV engineering and distributed PV applications as an important enterprise energy saving and emission reduction work. Utilization of waste land and barren hills, beaches, ponds, lakes, agriculture greenhouse construction of land resources, such as photovoltaic power generation project, voltage connected to the grid at 35,000 volts and below (item volume less than 20MW) and the electricity transformer district, and outlets to dissolve, do the local PV benchmark pricing policies. Distributed generation grid enterprises reference through the “green channel” for providing efficient and convenient access.
Reviews: clear proposed on in spontaneous use mainly of distributed PV power project by construction scale indicators limit Shi, provincial energy competent sector should timely transfers solution or to national energy Council applications append scale indicators, this article for distributed PV industry major good, means with spontaneous use mainly of distributed PV power project not by scale indicators of strictly control, once commercial mode formed, demand will appeared obviously increased, enterprise can through applications append scale indicators, Is expected to follow the East is expected to exceed the total distributed planning expectations.
Distributed PV roof concept is not limited to distributed, derelict land, barren slopes, beaches, ponds, lakes, agriculture greenhouses, such as building local absorptive distributed PV power station due to the direct access to distribution networks, business model clearer, encouraged after unlocking will quickly increase in that part of the building, became distributed construction of one of the major markets for nearly two years.
Stressed the need for rural markets, launched the benchmark rate would effectively release the low price high quality roofing resources and rural roof market release of resources for effective expansion of distributed PV market, the market is further enhanced.
Final file: strengthening roof integrated and coordinated use of resources. Encouraged local governments to build photovoltaic application coordination mechanisms to guide building owner (including users) build their own or in cooperation with professional business building roof PV power generation projects, active coordination of grid access, project documentation, construction administration, and so on. Of roof area reaches a certain size and suitable for photovoltaic applications, new construction and extension of buildings, install photovoltaic generation facilities or reservation request synchronization installation conditions. Government investment or financial assistance, affordable housing, public buildings new towns and new countryside construction, photovoltaic applications should be given priority. Local governments according to local conditions, through such means as development of model contract, leading enterprises in the region to establish standard photovoltaic energy management service contract model. Local governments may extend PV applications into energy-saving evaluation and reward-penalty system, and eliminate distributed PV power generation units according to the conversion of energy involved in the transaction. Encourages distributed solar power projects in accordance with the participation of the interim measures for the administration of voluntary greenhouse gas emission reduction trading domestic trading in voluntary emission.
Drafts: strengthened coordination with the architectural cliff tops use of resources and manpower. Distributed in photovoltaic applications demonstration area and other regions of the great potential of local photovoltaic application coordination mechanism should be established to guide building owner (including users) active in photovoltaic applications. About the large and suitable for installing photovoltaic roof buildings. Local governments should actively coordinate the building owner (including users) build their own or in cooperation with specialized photovoltaic power generation enterprises building rooftop PV projects and handle the grid access, project documentation, construction administration, provide coordination support. On new construction and extension of buildings above a certain size, may require the simultaneous installation of photovoltaic power generation facilities or reserve installation conditions, rooftop solar resources condition is good and the great energy-saving architectural photovoltaic applications should be included. Government investment or about the political benefits of public buildings, affordable housing, and building new towns and new countryside, preference should be given to photovoltaic applications. Local governments according to local conditions, in accordance with the relevant regulations and policies of the premise, contract energy management investment and operation of photovoltaic power generation project electricity prices in preferential margins (rent or the roof) and other common conditions. PV applications into local government buildings should be energy conservation evaluation and reward-penalty system, and eliminate distributed PV power generation units according to the conversion of energy and the carbon emissions involved in the transaction.
Reviews: forced efforts more big, requirements public building, and guarantees sex housing, and new town and new rural construction priority considered distributed PV application, through Government guide of way gradually open distributed PV market, we think in currently distributed PV assets no get effective recognized of situation Xia, Government of promoted promoting first batch degrees electric subsidies mode Xia distributed project of application, as distributed PV assets of benchmark sample, after a time cash flow of validation, assets of recognized degrees will sharply improve, Distributed PV will be more market-oriented.
Encourage distributed generation projects to participate in emissions trading, we believe that with the rise of domestic carbon emissions trading market, participating in the distributed project development and operation of the company is likely to get another additional revenue from carbon emissions trading, according to our calculations, average annual revenue is expected to hit 6.12 million per MW of PV power generation projects, distributed project yields some positive impact.
Final file: improving distributed photovoltaic engineering standards and quality control. Strengthen photovoltaic products, PV engineering and construction and installation of photovoltaic power generation facility safety assessment and management, load verification, installation, wind, earthquake, fire, lightning, the strict implementation of national standards and engineering specifications. Parallel operation of photovoltaic power generation projects and enjoy government subsidies at all levels of non-grid-connected PV power generation projects, subject to approval by CNCA certification bodies the certification of photovoltaic products. Construction equipment procurement bids should be explicitly requested using certified photovoltaic products, the construction unit shall have corresponding qualifications. Various parts of the city and County (district) Government to set up an integrated and coordinated management of architectural photovoltaic applications mechanism, strengthening quality management and safety supervision of distributed solar power projects. Local governments at various levels shall not be arbitrarily set up approval and pay matters, shall not be restricted in line with national standards and market access conditions for products to enter the local market, not to project unit made unreasonable requirements for procurement of local products, not to provide protection to the inferior product in various ways.
Draft for comment: no difference.
Comment: emphasis on quality management problems of distributed PV, we believe in electricity subsidies mode, enterprises will be more spontaneous quality standards for power plant, Government oversight of product standards to the market is conducive to market development.
Final file: to establish simple and efficient mechanism of standardized project management work. Energy authorities at all levels to pay close attention to develop modus operandi of distributed solar power projects for record management, urged cities and counties (districts) energy authorities the establishment of distributed solar power projects for the record receive window, establishing specification for simple and efficient working processes, clear project conditions of filing and processing time, and announced to the public. Encourages cities and counties (district) Government set up a “one-stop” Windows Management Services, the establishment of multisectoral management of efficient coordination mechanisms and dovetail with the grid companies project network conditions and grid services. Individual residential (individually-owned commercial construction) construction of distributed solar power projects, direct descendants accepts an application for grid-connected power grid enterprises to the local administrative Department of energy project record.
Draft for comment: no difference.
Comments: currently distributed filing processes are relatively slow, emphasized improving records management rules, establish simple and efficient standard work processes, would help streamline project procedures of enterprises, reduce distributed development more difficult. Requires grid companies to individual distributed direct-descendant individuals receiving such an application to the local administrative Department of energy project for the record, personal construction of distributed effectively simplifying the procedures, effectively encourage development of distributed marketing.
Final file: improving the development model of distributed PV. Use rooftops and grounds appurtenant construction of distributed solar power projects in the project record can be selected when “spontaneous use, residual power” or “full access” as a model. “Full Internet” project’s total generating capacity by grid enterprises new benchmark in accordance with local solar power station bid. Has by “spontaneous use, and over electric Internet” mode Executive of project, in electricity load significantly reduced (containing disappeared) or for electricity relationship cannot perform of situation Xia, allows change for “full Internet” mode, project units to to local energy competent sector applications change record, and grid Enterprise signed new of grid agreement and purchased sale electric contract, grid enterprise is responsible for to Treasury and national energy Council applications subsidies directory change. In ground or using agricultural big shed, no power consumption facilities construction, and to 35,000 v and the following voltage grade access grid (Northeast 66,000 v and the following), and single project capacity not over 20,000-kilowatt and by electricity main in and dot variable radio district elimination na of PV station project, into distributed PV power scale indicators management, Executive local PV station benchmark Internet electric price, grid enterprise according to distributed power management provisional approach of 17th article provides and the established of “green channel”, By city or county-level power grid enterprises in accordance with the simplified procedure for grid access and provide the appropriate grid services.
Drafts: settlement and subsidies guarantees increased of distributed PV tariff. Grid enterprise by month (or agreed) and unit of distributed solar power projects (including personal) settlement of tariff and subsidy funds to pay the State. Reserve national politics could be taken the way subsidies, protection of distributed solar power projects of State financial subsidy funds to pay in full and in time put in place. Power grid enterprises to seize the local tax department dealing with non-project invoicing sales and invoicing services. Grid enterprise should do a project subsidy eligibility and subsidy applications and the grant and other statistics. And were asked to submit the relevant information to the Department in charge of energy and regulatory departments. Projects list of eligible quarterly periodic reporting and form working. “Spontaneous use” proportions lower, and electricity load not stable or PV power enterprise and power user cannot perform energy service contract of project, executable PV station benchmark electric price policy, PV power volume by local grid enterprise by national provides of local PV station benchmark electric price policy full acquisition, no longer enjoy national distributed PV subsidies policy, but project units once selected has executive PV station benchmark electric price policy, in principle no longer change.
Comments: distributed project file can be selected when the “spontaneous use, more than power” or “full access” as a model, based on “spontaneous use, residual power” mode-executed projects, significant reduction in electricity load (disappear) or power supply unable to meet their circumstances, allow changes to “full Internet” mode. The big positive policies for distributed industry, Internet of electricity subsidy that can be adjusted to benchmark, means that distributed photovoltaic project rate of return is guaranteed, that is the minimum yield for the benchmark yields on electricity price (8%). The policy once implementation will brings two a level of effects, first is construction level, distributed PV field in wait-and-see State of funds will quickly inflow, half enterprise on set of roof project will began accelerated construction; second is financing level, distributed project proceeds rate once get fallback, after must period cash flow of validation Hou, project itself recognized degrees improve, commercial banks will spontaneous for loan, and through other financial tool for lever of further zoom, industry overall ROE will obviously improve.
In ground or using agricultural big shed, no power consumption facilities construction, and to 35,000 v and the following voltage grade access grid (Northeast 66,000 v and the following), and single project capacity not over 20,000-kilowatt and by electricity main in and dot variable radio district elimination na of PV station project, into distributed PV power scale indicators management, the article policy once implemented, enterprise will priority construction East small ground distributed project, equivalent East ground distributed project record difficulty reduced, industry construction obviously accelerated, We expect the annual installed capacity is expected to more than 4GW, far exceeding market gloom before (1-2GW).
Final file: distributed PV generation of further innovation demonstration zone construction. Continue to promote the construction of demonstration area of distributed PV applications, focusing on specialized management, investment and financing mode and development mode innovation of service mode. In demonstration zones to explore distributed photovoltaic pilot regional electricity trading, allowing distributed PV power generation projects to meet the policies and conditions of the same radio power users sell directly, electricity price for the negotiation, power enterprises are responsible for the transmission and settlement of electricity charges. Encourage demonstration area of financial services in partnership with banks and other financial institutions of the Government Innovation pilot, guarantee funds, public funds through the establishment of public pools for PV power generation projects in the region, inter alia, to provide financial services. Provincial energy departments where conditions making demonstration area implementation plan submitted to the National Energy Board, National Energy Board, in conjunction with other relevant government departments to determine the relevant policies criteria guiding organization of demonstration area. The model of distributed solar power projects in the region (including nearby absorptive distributed PV power station), in accordance with the “first record, appending the size indicator” management methods, in support of the demonstration zone construction continued.
Drafts: distributed photovoltaic power generation demonstration area for further innovation. Have been successful in promoting demonstration zone based on distributed PV generation extends to public agencies, communities, areas such as transport facilities, the construction of new countryside, explore more development mechanisms and applications. System resources such as PV roof condition surveys and diversified use of planning, the establishment of multisectoral coordination mechanism in the Government, innovation development and management mechanisms, creating a more integrated system of quality supervision and management, fair and open access to markets, not to engage in protectionism. National Energy Board in conjunction with the people’s Bank, China Banking Regulatory Commission will guide the State Development Bank, China Construction Bank, agricultural Bank and other financial institutions, unlike the model District Government set up financing mechanisms to support PV applications, through the establishment of a public guarantee fund, establishment of marketing by marketing platforms, such as provide more convenient financial services for photovoltaic power generation. Explore the establishment of distributed solar power projects on the same radio station power system selling other power users, each demonstration zone proposed implementation plans submitted to the National Energy Board. Departments such as the National Energy Board in conjunction with the price, in conjunction with grid enterprises, States and companies to carry out pilot guidance demonstration area. Power enterprises should be applied according to the photovoltaic power generation demonstration area planning and construction processes, timely improve the matching power grid construction and optimized power management, establishing smart grid operating system.
Comment: clearly emphasized the construction of distributed PV demonstration area, distributed in photovoltaic market starts early, through demonstration areas for industry benchmarks, and explore innovative business models and financing models for emerging industry development path. Generating regional electricity trading pilot, allowing distributed PV power generation projects to meet the policies and conditions of the same radio power users sell directly, showing the unified system of distributed energy development on power system challenges, as well as develop distributed energy, Energy Council’s determination to establish electricity trading system. Demonstration area in accordance with the “first record, appending the size indicator” management methods, encourages the expansion of high quality distributed amount of construction projects, promoting the rapid development of the industry.
Final file: improving parallel operation between distributed PV network and services. In cities and counties (districts) power grid enterprises to set up distributed PV generation “one-stop” network service window, clear the incorporation formalities of application conditions, work flow and processing time, and grid enterprises website. Of Corporation units applied for on-grid photovoltaic power generation project, letter of power grid Enterprise shall promptly issue a project connected to the grid view, supporting grid work carried out after the project was completed for the record for individual residential (individually-owned commercial construction) construction of distributed solar power projects, grid enterprises to directly receive and timely incorporation services. Power enterprises should be required to finish and outlets should bear the NET project, in accordance with the technical requirements of power system security context, as far as possible on the user side to lower voltage level access, allows more access to distribution systems, avoid installing unnecessary pressure devices. Project units and grid companies want to cooperate, such as the docking there is some dispute, may apply to the National Energy Board agency coordination. Power enterprises should clearly distinguish between the power meter of total generating capacity of the project, “spontaneous personal use” electricity (including contracts of PV to the electricity consumers in the energy services supply) electricity and Internet access, as well as to electric power dispatching agencies ability to run information transfer project.
Draft for comment: no difference.
Comment: registration and incorporation processes that facilitate the simplification of distributed PV project stream, businesses reduced barriers to entry. Meanwhile, special provisions on personal projects and promoting the personal development of distributed PV.
Final file: strengthening the supporting grid technologies and management system. At all levels of power grid enterprises in distribution network planning and construction, to take full account of local development potential of distributed PV generation, planning and construction of, adopt smart grid technologies, configure the appropriate security and adjustment facilities. Of distributed PV’s big new energy model city, green energy demonstration counties, distributed PV power application and demonstration zones, develop smart distribution grid-building programmes should be synchronized, and building interactive, flexible, safe and reliable distribution system. Includes distributed photovoltaic power predicting and real-time monitoring of the information management system for power distribution network, carry out demand-side response of load management, distributed in photovoltaic integration of real-time dynamic monitoring and transmission control. Encouraged the exploration of micro-grid technology and relatively independent regions, enhancing the capacity of local power grid can support a high proportion of distributed PV generation.
Improving distributed photovoltaic electricity bill settlement and subsidies disbursed. Grid enterprise by month (or agreed) and unit of distributed solar power projects (including personal) settlement of tariff and subsidy funds to pay the State to do a distributed PV electricity forecasting, according to the principle of distributed solar power projects priority use of subsidy funds budgets and plans, protection of distributed solar power projects Fund in full and on time payment of State subsidies in place. Power enterprises should cooperate with the local tax authorities in accordance with the relevant provisions dealing with purchase of distributed solar power projects in electrical products invoicing and tax collection problems. For items that have filed and in accordance with the annual scale management, settlement and subsidies granted electricity grid companies should do well project statistics, and, as required, to the national and provincial Department in charge of energy and the national energy administration agency to submit relevant information. Grid connected project acceptance, power grid Enterprise Agency quarterly report to the Ministry of finance and the National Energy Board projects eligible to apply.
Comments: distributed PV’s large-scale construction is bound to spur construction of distribution network, at the same time, smarter of the distribution network is also conducive to the acceptance and scheduling of distributed PV, so development of distributed PV plus distribution grid plates.
Now part of distributed PV release policies such as subsidies, tax at the local level, such as the absence of effective implementation of obstacle to development has created some of the industry, the document makes it clear that DG settlement of electricity charges and subsidies allocated time, to solve the problem of subsidies was not timely.
Final file: innovative distributed PV financing services. Encourage banks and other financial institutions, combined with features of distributed PV generation and financing needs, providing preferential loans to distributed PV power generation projects, adopt a flexible loan guarantees, an exploration of a project selling electricity charging right pledge of assets and project financing facility. Encourage banks and other financial institutions in collaboration with local authorities to establish a distributed photovoltaic power generation project financing service platform, and photovoltaic power generation enterprises to establish strategic cooperative relations of banks and enterprises, explore effective and there is a market, there are order forms, the credibility of the “four companies” under closed loans. Project encouraged local governments to combine people’s livelihood loan discount policy of distributed PV. Encouraging the use of finance lease, for the integration of PV to provide leasing services, encourage various types of funds, insurance, trust, combined with industrial capital and explore a photovoltaic investment fund, encouraging coverage for small and medium enterprises credit guarantee for construction of distributed PV, carried out in agriculture financial services support the photovoltaic photovoltaic utilization of household and agricultural facilities business. To establish a mechanism of credit loans such as personal income, step by step to install distributed PV facilities credit and high personal-free secured loan.
Drafts: innovative distributed PV financing models. Golden touch bodies such as encouraging banks to combine distributed photovoltaic characteristics and the financing needs of distributed PV generation carries a concessional interest rate, extension of the loan term. Encourages local governments to create photovoltaic investments in public security funding for PV power generation projects within the city to provide loan guarantees. Encouraging the adoption of financing lease for the integration of PV to provide leasing services. Encourage the combination of funds, insurance, trusts and capital, explore the establishment of photovoltaic industry investment fund. Encourages the construction of distributed PV guarantee institutions for SMEs credit guarantee, the positive development of security institutions, strengthening the function of spread risk, increase credit. With personal income as credit conditions for installing distributed PV loans to individuals, may waive collateral requirements for assets. About quality of distributed solar power projects and exploration rights in proceeds from electricity sales and project assets as collateral for a loan mechanism. Promoting the construction of credit guarantee system for small and medium enterprises, to qualified credit guarantee institutions exempt from sales tax.
Comment: this file means that distributed photovoltaic industry financing policy release, PV industry in most of today’s commercial banks are unable to loan policy for financing free of sexual release first step. File pointed out that exploration to project sale electric charges right and project assets for pledge of loan mechanism, we think with distributed PV industry after 1-2 years of development, project of assets value was market widely recognized Hou will achieved commercial financing release, project assets for pledge of loan mechanism will natural formed, industry entered sales and financing end mode while formed of benign cycle, different of financing mode (financing leasing, and assets securities of,) will continues to zoom industry lever, industry overall ROE still has further rose space.
Final file: industrial system and improve public services. Fostering distributed PV systems through market mechanisms for planning, design, construction, evaluation and certification of professional services, operation and maintenance, and other links. Encourage investment in advanced technology, ability, and operating norms enterprise projects in accordance with unified standards of design, construction, construction, management and operation of integrated services, establishment of network marketing and technical service system. Sound engineering design, construction, operation and maintenance of photovoltaic professional qualification certification system, sound professional and the credit management system of institutions and enterprises. Development of PV industry in monitoring and early-warning mechanism, the timely release of information and technology, marketing, production, quality, early warning and forecasting to guide rational and healthy development.
Strengthen the statistical information and monitoring system. National Energy Board to establish and perfect cover photovoltaic project for the record, network applications, schedules, grid-connected capacity, capacity-building, use of information management systems, such as, commissioned by the State Center for renewable energy information management (based on Chinese hydropower planning and Design Institute of water resources). All cities and counties (districts) the Energy Department in completing the project information management system for filing on a monthly provincial energy departments monitor and summarize in a timely manner, national energy administration agency queries to track in a timely manner. State grid Corporation, China Southern power grid company and other power companies on a monthly basis by network applications, network capacity, electricity information, settlement of electricity charges, subsidies, and other statistical information, submitted to the National Energy Board on a monthly and CC countries renewable energy information management center. The provincial Department in charge of energy information management system to submit on a quarterly basis records, construction and operation of the project summary information, half-year report to the National Energy Board’s summary of the report on the development. National renewable energy information management center quarterly, half year and annual report to the National Energy Board national PV statistics and evaluation reports.
Strengthen examination and supervision of policy implementation and market supervision. Agency jointly with the national energy administration distributed PV power system for local energy authorities to strengthen supervision and inspection of the implementation of national and local policies. Dispatched offices of the National Energy Board is responsible for the supervision of distributed PV grid-connected security for power grid enterprises should coordinate work safety supervision and technical support. Establishment of enterprise network services, access program on the power grid, grid operation, power metering, power purchase, settlements, subsidies granted electricity tariffs each link for full supervision of works. Strengthening of distributed PV energy contract and regulation of electricity trading, interested parties when there is a dispute, may apply to the national energy administration agency coordination can also be reflected through the 12398 complaint calls, national energy administration agency should be resolved in conjunction with the coordination of the local energy authorities. Such as power companies fail to access and buy photovoltaic electricity, 29th according to the renewable energy law stipulates legal responsibilities. Dispatched offices of the National Energy Board, in conjunction with provincial energy departments distributed PV to carry out special supervision, according to special supervision for half a year, the annual report to the National Energy Board report, and in an appropriate manner to the public, timely reporting of major problems found.
Comments: established industry standards and quality management system is the immediate needs of distributed industry accelerated to guide the healthy development of the industry upon completion. Strengthening the statistical information and monitoring system showed that the Energy Council on the development of distributed PV attention regularly to track projects, subsidies and other issues is conducive to rectifying the problems that occur on the industry in a timely manner.
Original title: full resolution draft looking for photovoltaic and nuances in the new deal new deal of vigor