China has unleashed new policies designed to put a brake on the country’s red-hot PV growth, hitting the share prices of companies operating in the solar and wider clean energy sectors as the country’s government apparently runs out of patience with its ballooning renewables subsidy deficit.
In a coordinated effort, China’s National Development and Reform Commission, Ministry of Finance, and National Energy Administration issued the ‘2018 Notice of Solar PV Power Generation’ of 1 June, which aims to “ensure (the solar industry’s) healthy development and speed up the subsidy reduction process”.
