Solar PV Projects In China

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BACKGROUND -

China has one of the largest markets of renewables in the world and has rich solar resources across its territory. Although China has been initially slow in developing its own solar market, the start of 2010 saw the solar energy market start to gather momentum.

In January this year, China raised its solar target for the fourth time in two years to 35GW of solar by 20151. At around the same time, China also announced a 10GW installation goal for 2013.

Government subsidies for solar PV projects in China are granted through special programs, such as the PV Building Demonstration Program, the Golden Sun Program and the Feed-in-Tariff. China is currently changing the present solar Feed-in-Tariff in order to further improve the domestic solar market.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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