Favorable tailwinds for domestic PV industry

The Party's 18th Congress Report proposes to adopt policies and measures to better facilitate the development of the real economy, make the economy more demand-driven, and promote the sound growth of strategic emerging industries and advanced manufacturing industries. This winter, the favorite policy is bringing some warmth to the distressed photovoltaic (PV) industry, giving the lost enterprises hopes of extricating from themselves from their predicament. Seeing the government's resolution in developing emerging industries, enterprises feel great confidence in the substantial development of the domestic PV application market.

Relevant regulations promulgated earlier point out the path and direction for the scientific development of the industry and paint the prospects and goals of low-price PV grid connection, signaling support for the development of the industry. As conditions of the industry deteriorate, the government's incentive policies for the PV industry are becoming clearer. On September 12, the National Energy Administration issued the 12th Five-year Plan for the Development of Solar Power, proposing that, by 2015, China's solar power installation capacity would exceed 21 GW, with 10 GW being PV distributed power generation. Two days later, the National Energy Administration issued the Notice on the Application for Demonstration Area of Large-scale Application of Distributed PV Power Generation, encouraging application for distributed power generation projects. On October 26, the State Grid Corporation of China published the Suggestions on Carrying Out Distributed PV Power Generation Grid Connection Service, greatly lowering the entrance requirement for PV power generation gird connection: PV power station with grid connection voltage of not more than 10 Kilovolt and installation capacity of not more than 6 Megawatt are all allowed to apply for connection to big grid, with the State Grid offering free connection service throughout the entire process.

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