China: 327 MW Residential PV Gets Subsidy

327 MW Residential Solar PV Capacity in 11 Chinese Provinces Qualify For State Financial Subsidies Between January 2020 To April 2020
12:14 PM (Beijing Time) - 14. May 2020
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Key Takeaways

  • 11 provinces in China installed an aggregate of 327 MW in the first 4 months of 2020 in the residential solar PV segment
  • Shandong alone contributed over 269 MW to the total having added more than 171 MW in April 2020 alone
  • Residential solar is likely to experience a wave of installed capacity in Q2/2020 as the country returns to normal life with the pandemic impact weakening, reported International Energy Network/PV Headlines

Between January 2020 and April 2020, a total of 326.97 MW of residential solar PV capacity come online in 11 provinces of China and qualified for state financial subsidies, as reported by the International Energy Network/PV Headlines.

These projects are located in the Chinese provinces of Shanxi, Shandong, Gansu, Chongqing, Guangdong, Jianxi, Hunan, Jilin, Beijing, Jiangsu and Inner Mongolia. Of these, Shandong installed the largest capacity of the lot with 269.059 MW accounting for 82.3% of the total. In the month of April 2020, Shandong’s additions in this segment were an aggregate of 171.478 MW.

With effect from June 1, 2020, the country is to bring down subsidies for residential, commercial and industrial systems with as much as 56% cut on annual basis for residential solar systems alone.

As the COVID-19 pandemic’s impact is curbed and weakened in China, the report writers believe residential solar is expected to usher in a wave of installed capacity in Q2/2020. While there are very different views from analysts on the Chinese market development in 2020, it is clear that the country will be world’s largest again and very likely expand its share as solar in Western markets still suffers from COVID-19 impacts (see China Expected To Install 33.4 GW Solar in 2020).

Chinese National Energy Administration (NEA) in March 2020 announced RMB 1.5 billion as the total amount reserved to be awarded as financial subsidies for large-scale and rooftop solar projects that enter construction within 2020. For rooftop solar, RMB 500 million has been reserved of the total.

Anu Bhambhani

Anu Bhambhani is the Senior News Editor of TaiyangNews

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Anu Bhambhani