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Present status and prospects of photovoltaic market in China

Author

Listed:
  • Zhao, Ruirui
  • Shi, Guang
  • Chen, Hongyu
  • Ren, Anfu
  • Finlow, David

Abstract

In 2009, the photovoltaic (PV) industry expanded greatly in China. Developing PV technology is both necessary and urgent, as China is a large country, which consumes huge amounts of energy. In addition, because China has a natural advantage of excellent solar resources, its government has provided significant support in this field. In order to motivate the PV industry, the Ministries of Finance and Construction established coordinated policies to offer financial inducements. The government will implement the Jintaiyang project in the near future: 15 billion US dollars will be invested and 294 demonstration projects will be built. The developing Chinese PV market holds great promise. The aim of this paper is to analyze the present status of the Chinese PV market, discuss the opportunities available, and the potential challenges anticipated in the developing process including some engineering roadblocks encountered in the PV system, and to outline possible future scenarios in this field.

Suggested Citation

  • Zhao, Ruirui & Shi, Guang & Chen, Hongyu & Ren, Anfu & Finlow, David, 2011. "Present status and prospects of photovoltaic market in China," Energy Policy, Elsevier, vol. 39(4), pages 2204-2207, April.
    • Handle: RePEc:eee:enepol:v:39:y:2011:i:4:p:2204-2207
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    1. Yuan, Jiahai & Sun, Shenghui & Zhang, Wenhua & Xiong, Minpeng, 2014. "The economy of distributed PV in China," Energy, Elsevier, vol. 78(C), pages 939-949.
    2. Huang, Xuan & An, Haizhong & Fang, Wei & Gao, Xiangyun & Wang, Lijun & Sun, Xiaoqi, 2016. "Impact assessment of international anti-dumping events on synchronization and comovement of the Chinese photovoltaic stocks," Renewable and Sustainable Energy Reviews, Elsevier, vol. 59(C), pages 459-469.
    3. Zhang, Sufang & He, Yongxiu, 2013. "Analysis on the development and policy of solar PV power in China," Renewable and Sustainable Energy Reviews, Elsevier, vol. 21(C), pages 393-401.
    4. Ana Garcia-Bernabeu & Antonio Benito & Mila Bravo & David Pla-Santamaria, 2016. "Photovoltaic power plants: a multicriteria approach to investment decisions and a case study in western Spain," Annals of Operations Research, Springer, vol. 245(1), pages 163-175, October.
    5. Zhao, Xin-gang & Wan, Guan & Yang, Yahui, 2015. "The turning point of solar photovoltaic industry in China: Will it come?," Renewable and Sustainable Energy Reviews, Elsevier, vol. 41(C), pages 178-188.
    6. Movilla, Santiago & Miguel, Luis J. & Blázquez, L. Felipe, 2013. "A system dynamics approach for the photovoltaic energy market in Spain¤," Energy Policy, Elsevier, vol. 60(C), pages 142-154.
    7. Zhang, Dayong & Cao, Hong & Zou, Peijiang, 2016. "Exuberance in China's renewable energy investment: Rationality, capital structure and implications with firm level evidence," Energy Policy, Elsevier, vol. 95(C), pages 468-478.
    8. Ming, Zeng & Shaojie, Ouyang & Hui, Shi & Yujian, Ge, 2015. "Is the “Sun” still hot in China? The study of the present situation, problems and trends of the photovoltaic industry in China," Renewable and Sustainable Energy Reviews, Elsevier, vol. 43(C), pages 1224-1237.
    9. Zhang, Fang & Deng, Hao & Margolis, Robert & Su, Jun, 2015. "Analysis of distributed-generation photovoltaic deployment, installation time and cost, market barriers, and policies in China," Energy Policy, Elsevier, vol. 81(C), pages 43-55.
    10. Song, Dongdong & Jiao, Hongtao & Fan, Chien Te, 2015. "Overview of the photovoltaic technology status and perspective in China," Renewable and Sustainable Energy Reviews, Elsevier, vol. 48(C), pages 848-856.
    11. Tancr�de Voituriez & Xin Wang, 2015. "Real challenges behind the EU-China PV trade dispute settlement," Climate Policy, Taylor & Francis Journals, vol. 15(5), pages 670-677, September.
    12. Yuan, Chaoqing & Liu, Sifeng & Yang, Yingjie & Chen, Ding & Fang, Zhigeng & Shui, Lulu, 2014. "An analysis on investment policy effect of China’s photovoltaic industry based on feedback model," Applied Energy, Elsevier, vol. 135(C), pages 423-428.
    13. Ming, Zeng & Ximei, Liu & Na, Li & Song, Xue, 2013. "Overall review of renewable energy tariff policy in China: Evolution, implementation, problems and countermeasures," Renewable and Sustainable Energy Reviews, Elsevier, vol. 25(C), pages 260-271.
    14. Zhang, Sufang & Andrews-Speed, Philip & Ji, Meiyun, 2014. "The erratic path of the low-carbon transition in China: Evolution of solar PV policy," Energy Policy, Elsevier, vol. 67(C), pages 903-912.
    15. Xu, Li & Zhang, Qin & Wang, Keying & Shi, Xunpeng, 2020. "Subsidies, loans, and companies' performance: evidence from China's photovoltaic industry," Applied Energy, Elsevier, vol. 260(C).
    16. Kayser, Dirk, 2016. "Solar photovoltaic projects in China: High investment risks and the need for institutional response," Applied Energy, Elsevier, vol. 174(C), pages 144-152.
    17. Fang, Xiande & Li, Dingkun, 2013. "Solar photovoltaic and thermal technology and applications in China," Renewable and Sustainable Energy Reviews, Elsevier, vol. 23(C), pages 330-340.
    18. Chen, Zhisong & Su, Shong-Iee Ivan, 2014. "Photovoltaic supply chain coordination with strategic consumers in China," Renewable Energy, Elsevier, vol. 68(C), pages 236-244.
    19. Hou, Guofu & Sun, Honghang & Jiang, Ziying & Pan, Ziqiang & Wang, Yibo & Zhang, Xiaodan & Zhao, Ying & Yao, Qiang, 2016. "Life cycle assessment of grid-connected photovoltaic power generation from crystalline silicon solar modules in China," Applied Energy, Elsevier, vol. 164(C), pages 882-890.

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