The Chinese National Development and Reform Commission (NDRC) has announced the new Feed-in-Tarif (FiT) levels for solar deployments starting in July 2019. The new rates were reported by the Asia Europe Clean Energy (Solar) Advisory (AECEA) and are for guidance and subject to competition.
Ground mounted solar projects in Zone 1 (northern China and Inner Mongolia) will have a FiT of CNY40c/kWh (US$5.9c/kWh), while large scale projects will have a FIT of CNY45c/kWh (US$6.7c/kWh) in Zone 2 (western and central China) and CNY55c/kWh (US$8.2c/kWh) in Zone 3 (rest of China). The guidance level for poverty alleviation projects will remain unchanged at CNY0.65/kWh (US$9.6c/kWh) for Zone 1, CNY0.75/kWh (US$11.1c/kWh) for Zone 2 and CNY0.85/kWh (US$12.6c/kWh) for Zone 3. Commercial and industrial systems with elements of self-consumption and sale of excess power to the grid will have a FiT of CNY10c/kWh (US$1.5c/kWh). Residential systems will have access to a CNY18c/kWh (US$2.7c/kWh) tariff to be funded by the CNY2.25bn (US$334m) fund for solar PV subsidies set aside by the National Energy Administration (NEA) for 2019. The NRDC has not disclosed the amount that would potentially reward the 28 GW to 30 GW (AECEA estimations) of added capacity that surpassed the addition cap established in mid-2018.
Interested in Global Energy Research?
Enerdata's premium online information service provides up-to-date market reports on 110+ countries. The reports include valuable market data and analysis as well as a daily newsfeed, curated by our energy analysts, on the oil, gas, coal and power markets.
This user-friendly tool gives you the essentials about the domestic markets of your concern, including market structure, organisation, actors, projects and business perspectives.