The Chinese National Development and Reform Commission (NDRC) and the Ministry of Finance have issued the 2018 Solar PV Power Generation Notice, a new policy regarding investment and subsidies for photovoltaic (PV) installations. This new regulation introduces a CNY5c/kWh (US$0.8c/kWh) cut in the nationwide feed-in-tariff (FiT) and in the subsidies for PV distributed projects. The new on-grid power tariffs will range between CNY0.5/kWh to CNY0.7/kWh (US$7.8-11c/kWh) starting from 1 June 2018, while the subsidies for county-level poverty alleviation PV projects will remain stable.
Besides, the NDRC and the National Energy Administration also announced that the construction of new solar utility-scale power projects must be halted until further notice. The utility-scale target for 2018 has been abolished and all Chinese provinces will be forced to impose bans on all companies seeking FiTs under any 2018 mechanism.