The National Development and Reform Commission (NDRC) and the National Energy Administration would make efforts in reducing PV production cost through implementation of PV pacemaker initiative and introduction of competitive pricing scheme in 2016, according to the report by Economic Information Daily on Thursday.
Besides, NDRC is working with related government authorities on carrying out new policies in subsidy, land use, taxation, going abroad, and PV poverty alleviation for PV industry. China is about to launch declaration of the sixth batch of renewable energy subsidizing catalogue soon, and is designing the financing mode for PV poverty alleviation projects.
Related document is expected to come out in February this year, the report says. According to statistics from China PV Industry Association (CPIA), China's PV installed capacity was added by 15GW to reach 43GW by the end of 2015, ranking No.1 in the world. Polysilicon output in China hiked 25 percent on year to more than 165,000 tonnes in 2015, and PV module output up 20.8 percent on year to 43GW. Silicon wafer output topped 10 billion slices and PV cells output exceeded 41GW.
Compared to massive loss of polysilicon producers on declining polysilicon prices, PV module enterprises gained improved profitability in 2015 thanks to establishment of plants in overseas market. PV exports in 2015 stayed even with that in 2014 with estimated value totaling 14.5 billion US dollars.
On the coming of new favorable policies, except for financial institutions, more traditional PV enterprises will edge ahead in investment in PV industry.Guo Yanyan, deputy head of China Renewable Energy Engineering Institute, forecast China's PV power installed capacity to add 23GW in 2016; while Wang Bohua, secretary general of CPIA, estimated an increase of 20GW PV installed capacity in 2016 given the expected cut on on-grid benchmark price for electricity in June of 2016, which would push installation of PV capacity ahead in the first half of the year. Wang also forecast at least of 150GW PV power installed capacity in China by 2020.
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