A major push to install rooftop solar panels on Chinese buildings is putting the nation on track for another record-setting year on renewable energy.
Rooftop solar PV installations in China may surge in the next three years as the country goes through a green energy transition and plans to make renewable energy a key cornerstone in the country's path to a greener economy, a recent research report said.
Fishman, an energy analyst at the Lantau Group, an economic consultancy firm in Shanghai, was keen to meet with developers in Shandong to understand how China is developing extensive rooftop solar installations at such a remarkable pace.
The country's rapid development of rooftop solar capacity is also driven by government incentives. Newly added annual installed capacity for solar stations has been around 30 GW on average over the past few years, China New Energy Investment and Financing Alliance said.
Most of that rooftop solar has been added in the past two years, as China offered support for local governments to boost installations, and raised power rates to businesses, making generating their own electricity more attractive.
In September, China’s National Energy Bureau announced a new initiative for local governments to partner with solar developers to build rooftop arrays. Under the scheme, building owners can purchase solar panels and sell the power they generate to developers, or developers can lease rooftop space to install solar panels they own.
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Online Services Email ContactA major push to install rooftop solar panels on Chinese buildings is putting the nation on track for another record-setting year on renewable energy. On Wednesday, the housing department and the National Development and …
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Online Services Email ContactSource: China State Council Information Office Rooftop solar PV installations in China may surge in the next three years as the country goes through a green energy transition …
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