First it was the news that one terawatt of renewable energy was achieved in 2017 and now global solar capacity is expected to pass the one terawatt mark by 2023.
China’s National Energy Administration, the National Development and Reform Commission and the Ministry of Finance have recently released new guidelines for the country’s renewable energy targets. In this directive, China has terminated approvals for new subsidized utility-scale PV power stations.
Solar panels were already getting cheaper this year, and then China pulled the plug this month on about 20 GW of domestic installations. The result was a glut of global inventories, and now prices are plunging even faster.
Read more: https://www.renewableenergyworld.com/articles/2018/06/chinas-domination-of-the-pv-industry-veni-vidi-vici.html?cmpid=enl_rew_renewable_energy_news_2018-06-13&pwhid=ebc9e9bffe02e928e32e6140425c2a5611c4f3b7c214b2e0db1ff39b75a5445470010376017b886fbf5905497849e6e4545d341b9f655f91cd437b9fc13efbdb&eid=410075336&bid=2136827
No sooner than all of the huge exhibition stands at SNEC 2018 were dismantled last Thursday, China’s regulatory organisations overseeing the solar industry, instigated new policies Friday that could have a similar effect on the utility-scale and distributed generation (DG) markets in the country.
The global smart solar market is expected to grow at a healthy rate throughout the forecast period. The rising investments in the smart energy market and the reduction in solar PV cost are some of the factors that are projected to fuel the growth of the market in the near future.