The Chinese renewable energy market need to focus on three major policy trend

photovoltaic webex: takeaway: from retail, textile and garment, technology and many other areas, the global supply chain will often bring back to China. Therefore, a leading international company has long been there looking for a renewable energy procurement cost competitive solution.

after five years of electricity market reform, the national policy framework for open competition power market laid a solid foundation. During this period, the three major policy trends, solar portal, and shows strong potential, can promote a new market mechanism, renewable energy release enterprise buyers of pent-up demand.

in the United States and around the world, the main business is more and more realized that they must play a key role in tackling climate change. In order to achieve the bold climate and renewable energy, not only for their operation directly, also for the sake of their supply chain, we step forward every day.

in May 2019, the Chinese government has formulated the renewable energy portfolio standard ( RPS) Chinese provinces, solar portal, was designed for the annual renewable energy targets. According to the RPS, grid electricity, electricity retailers, wholesale market, buyers and exclusive power plant owners were asked for renewable energy to contribute to the overall goal of the provincial level. Each province must now design implementation details, including the target for each of the covered entity, tracking, and execution.

RPS for policymakers at the provincial level provides a strong motivation, especially those from RPS goal farther decision makers, to explore new market mechanism, will be more renewable energy into the grid, and activate the enterprise energy requirements of the buyer. This, in turn, for energy corporate buyers and provincial policy makers on renewable energy procurement contact provides a rare opportunity.

we've seen the buyers, renewable energy developers and nongovernmental organizations (ngos) and shandong, guangdong, jiangsu, zhejiang and the beijing-tianjin-hebei region has carried on the collective decision makers at the provincial level, form a new purchase choice. The ongoing market innovation and pioneering province will lead to more energy buyers have the ability to take action, and to engage policy makers from all over China.

second trend: renewable energy subsidies have been phased out, as a renewable electricity cost competitive and based on the market of green power certification ( GECs） Opened the door

in 2009 and 2011, China began to provide subsidies for wind and solar energypower generation, renewable energy capacity exponentially. This rapid growth, however, also poses a challenge, China solar power network, including cuts in renewable energy power generation, and dismayed corporate subsidies delay.

in January of 2019, China began to correct these policies, China solar energy network, now, after 2021, the new renewable energy projects will like thermal power is cost competitive. Green power certification ( GECs) Linked to renewable energy subsidies before, now will reflect energy corporate buyers' willingness to pay.

under the new background, the enterprise energy buyers will be able to and policymakers of GECs bundled with a renewable energy cost competitive procurement scheme, the possibility of support for the new project and improve the GECs traceability to communicate.

since 2017, several provinces in China's electricity spot market, launched to published in a more timely way power generation costs, and provide information for resource planning.

in the long run, the spot market prices will further to investors and policy makers suggests that future investment, withdrawals, and how to prioritize retirement decisions. So far, eight in the spot market at the provincial level in China has four can use of renewable energy. Spot market has a strong potential to promote the development of more cost competitive purchasing renewable energy options and a more flexible choice, including virtual power purchase agreement.

the three policy trend make the enterprise of renewable energy demand, renewable energy developers with decision makers and other major market stakeholders consistent goal and motivation. They also created necessary conditions for the electric power market liberalization, make energy buyers have a better price discovery mechanism and more choice.

this as the main market and policy stakeholders at the provincial level to explore new renewable energy procurement scheme laid a solid foundation, these solutions can truly reflect the energy companies the ambition and requirements of the buyer.

according to micro lithium electricity group analysis, according to the latest market and policy development, enterprise departments can cooperate with non-profit organizations to realize these opportunities. This is a unique and exciting moment: contact with decision makers at the provincial level, clear display enterprise growing demand for renewable energy scale, and in all over China pilot new renewable energy procurement plan.

solar photovoltaic network statement: this information is reproduced from the power grid cooperation media or other Internet website, solar photovoltaic network published the article for the purpose of the information, solar portal, does not mean that agree with his point of view or confirm its description. The article content is for reference only.

this paper statistics the September to today issued a total of 2. 85 gw pv power plant EPC and 1. 9 gw component bid opening information. Among them, the EPC project owner units is given priority to with soe/state, this also reflected from the side, in project bidding and parity, the state-owned enterprises have become the absolute main force. Specifically, CGNPC in development of 410 mw, 603 mw, guangzhou energy saving 220 mw, 345 mw, jin can group the people vote for 200 mw, 190 mw hubei energy group, huaneng power 180 mw

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