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