Polaris solar PV net news: on September 29, the national development and Reform Commission issued the new benchmark concerning the adjustment of the new energy price notification (draft for soliciting opinions) (hereinafter “the draft for comment”), intends to cut subsidies. Industry sources say new deal challenges the PV are profitable.
According to the Shanghai Securities News reported on September 30, the new energy price adjustment “drafts”, focusing on the three kinds of energy price changes, one of the biggest changes is the photovoltaic electricity prices. “Consultation,” said ground station category, class II, three types of resource area PV on-grid price adjustment is 0.55, 0.65 and 0.75 Yuan than current pricing standard respectively, reduced by 0.25 Yuan, 0.23 Yuan and 0.23 Yuan, respectively, and 31% and 23%. The execution time of the new deal on January 1, 2017.
Distributed solar power projects at the same time the new deal subsidy standards. New subsidies are: a resource area 0.2 Yuan/degree, second-class resources 0.25 Yuan/degree, three types of resource area 0.3 Yuan/degree. Original 0.42 Yuan/degree, slashed about 40%.
Expert Li Peng explained China renewable energy society, current PV benchmark pricing has been implemented for more than two years, and expires on June 30 this year. This “consultation” on price slashed to the development of the photovoltaic industry.
Early China PV industry relies heavily on overseas markets, more than 95% products exported to Europe and other places. After the 2008 financial crisis, developed countries have reduced solar subsidies on products and PV products, China launched “double reverse”. Since then, the Chinese companies began to make great efforts to cultivate the domestic PV market, photovoltaic power plant, distributed PV development. Last year, total PV installed capacity in China totaled 43GW, become the largest country in the global PV installed capacity.
The rapid expansion of the market to significantly reduce business costs, such as PV module prices last year fell to 14.28%. Photovoltaic power plant construction costs fell sharply. According to the original PV subsidy policy, corporate profitability is very large. Meanwhile, in order to get policy cut-off point, total PV installed capacity in China in the first half of this year more than 20GW, 2016 total PV installed capacity of the national development and Reform Commission defined at the beginning of more 18.1GW.
He believes that national development and Reform Commission, the solar power subsidy price greatly reduced, by lowering prices, control solar overheating, does not allow enterprises to aggressive; second, relieve pressure on stretched financial subsidies; the third is to promote industry technology progress.
National Energy Board official has revealed at the meeting, first half of the year, renewable energy subsidies in China the gap reached 55 billion yuan.
Photovoltaic electricity prices sharply decline, companies have profitable? PV power station in some provinces this year, when tenders, bidding to 0.52 Yuan. This illustrates the potential of corporate profits to some extent. However, Li Peng Enterprise profitability in doubt under this quote: “may have benefits, but did not rule out some bad charge, resulting in attenuation photovoltaic efficiency. ”
Original title: national development and Reform Commission proposed slashing PV electricity price subsidies