Draft documents of the 13FYP show that authorities are keen to correct past mistakes in the world’s largest renewables market and fine-tune existing development policies. And a shift in emphasis from pure installation capacity growth towards projects’ energy output and sustainability for utility-scale projects offers huge opportunities for foreign companies.
Policymakers in the world’s biggest renewables market are expected to raise the PV installation target from 100GW to up to 200GW by 2020; improvements in the speed at which state subsidies are paid — a problem that, in many cases, has led to severe cash-flow problems for developers; and a major drive to increase offshore wind development.
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