China’s Solar Power Market Dimmed by Major Shift in Policy

by Wood Mackenzie

On June 1, 2018, China released a heavyweight solar PV policy to rationalise capacity growth. The policy, which comes as a shock to the industry, suspends approving new, subsidised utility-scale PV power stations in 2018. It also caps the scale of distributed projects at 10 GW. In addition, all utility-scale projects are mandated to set power prices through competitive auctions.

This brief is published by Wood Mackenzie. It is available to subscribers of our Global Downstream Solar Service. To learn more, please contact


Wood Mackenzie

Wood Mackenzie, GTM Research's parent company, is a global leader in commercial intelligence for the energy, metals and mining industries that provides objective analysis and advice on assets, companies and markets.

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